Settlement
Trade settlement and payment settlement differ by end-user type and by payment rail. High-level information by user type is provided in the chart below and more details can be found in the Trade Settlement and Payment Settlement subpages.
Individuals
| Payment Rail | Trade Speed | Trade Cutoff Time | Payment Speed | Payment Cutoff Time | Payment Availability |
|---|---|---|---|---|---|
| Push-to-Card | Within a few minutes | None | Within a few minutes | None | 24/7, 365 days |
| RTP/FedNow | Within a few minutes | None | Within a few minutes | None | 24/7, 365 days |
| Same-day ACH | Within a few minutes | None | Within a few hours if sent prior to the payment cutoff time | 4:00 pm ET | Business days only (not weekends or holidays) |
Businesses
| Payment Rail | Trade Speed | Trade Cutoff Time | Payment Speed | Payment Cutoff Time | Payment Availability |
|---|---|---|---|---|---|
| Next-day ACH | Within a few minutes to a few hours | None | Next business day if sent prior to payment cutoff time | 4:00 pm ET | Business days only (not weekends or holidays ) |
| Wire | Within a few minutes to a few hours | None | Within a few hours if sent prior to cutoff time | None | Business days only (not weekends or holidays ) |
Updated 4 months ago