For established and verified businesses, Forwardly offers multiple payment speed options so that you can choose how quickly funds are delivered based on your business needs. These options include Standard ACH, Next-Day ACH, Same-Day ACH, and Instant Payments. Each speed has a different delivery time and may be suitable for different situations.
| Reminder: Faster payment options may not be available until you meet certain requirements. |
Bank-to-bank payment speeds on Forwardly
| Reminder: All ACH bank payments must be scheduled before our scheduling deadline to be processed on the same business day. |
Standard ACH Payments
Standard ACH payments are Forwardly's baseline bank-to-bank transfer method and are available to all verified businesses. These payments typically arrive in your recipient’s account within 3-5 business days, although this timeline may increase if it's the first time a business is using Forwardly. This option is generally lower cost and works well for routine bill payments.
Forwardly includes 10 free standard ACH payments per month (5 received, 5 sent) for each business.
Next-Day ACH Payments
Next-Day ACH is designed to move funds faster than standard ACH. When selected, the payment should arrive by the next business day, giving you a quicker settlement.
Same-Day ACH Payments
Same-Day ACH allows payments to be processed and delivered on the same business day when the payment is sent before published cutoff times. This can be helpful for time-sensitive vendor payments or last-minute expenses.
Instant Payments
For the fastest option, Instant Payments send funds in real time, typically within seconds, even outside of normal banking hours and on weekends or holidays. This is useful when you need funds to secure immediate payment to maintain vendor relationships or manage cash flow.
Each payment method follows applicable banking rules and cutoffs, and availability may depend on eligibility and your connected bank’s support.