Transfer Processing Times

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Overview

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Bank-to-Bank Transfers

• Payment In (Debit) - Funds are pulled from the sender’s bank account (source) into the Dwolla Network.
• Payment Out (Credit) - Funds are pushed into the recipient’s bank account (destination) from the Dwolla Network.

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Understanding Transfer Processing Times

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Standard ACH Transfers

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Key Points to Note for Standard ACH Transfers:

• Export deadlines:
  • Veridian Credit Union:
    • 4 p.m. CT
  • KeyBank:
    • 8 a.m. CT
    • 12 p.m. CT
    • 2 p.m. CT
    • 8 p.m. CT
• Transfer processing time:
  • Debit transfers: 3-4 business days
  • Credit transfers: 1-2 business days
• Processing schedule: Business days only (unavailable on weekends and banking holidays)

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Standard ACH Debit (Payment In)

Standard ACH Debit Transfer Schedule for Veridian Credit Union

Standard ACH Debit Transfer Schedule for KeyBank

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Standard ACH Credit (Payment Out)

Standard ACH Credit Transfer Schedule for Veridian Credit Union

Standard ACH Credit Transfer Schedule for KeyBank

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Next Day ACH Transfers

{
  "clearing": {
    "source": "standard"
  }
}

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Key Points to Note for Next Day ACH Transfers:

• Available for: Debit transfers only
• Export deadlines:
  • Veridian Credit Union:
    • 4 p.m. CT
  • KeyBank:
    • 8 a.m. CT
    • 12 p.m. CT
    • 2 p.m. CT
    • 8 p.m. CT
• Transfer processing time:
  • Debit transfers: 1-2 business days
• Processing schedule: Business days only (unavailable on weekends and banking holidays)

Next Day ACH Debit Transfer Schedule for Veridian Credit Union

Next Day ACH Debit Transfer Schedule for KeyBank

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Same Day ACH Transfers

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Key Points to Note for Same Day ACH Transfers

• Available for: Debit and Credit transfers
• Export deadlines for Veridian Credit Union:
  • 9 a.m. CT
  • 1 p.m. CT
  • 3 p.m. CT
• Processing Time: Once a Same Day ACH transfer is submitted before the deadline, it typically takes 0-1 business day to settle, regardless of whether it’s a debit or credit.

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Same Day ACH Debit (Payment In)

{
  "clearing": {
    "source": "next-available"
  }
}

Same Day ACH Debit Transfer Schedule

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Same Day ACH Credit (Payment Out)

{
  "clearing": {
    "destination": "next-available"
  }
}

Same Day ACH Credit Transfer Schedule

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RTP (Real-Time Payments)

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Key Points to Note for RTP Transfers

• Available for: Credit transfers only
• Export deadline: None
• Transfer processing time: Funds available within minutes
• Processing schedule: 24/7/365 (business days, weekends and banking holidays)

"processingChannel": {
    "destination": "instant"
}

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Transfer Processing Timeline Scenarios

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Best Practices and Considerations