Payments are processed immediately after payment instructions are submitted (and have been approved, if payment group approval is required). The bank may take a couple of hours to execute payments.
Consider the following terms when submitting payments:
- PD = Processing date
-
Value date - Derived from the PD
- US wires are PD+1
- ACH is PD+1/ PD+2
How long it takes for the payment to reach the payee's bank account depends on the payee country and the payment method chosen by the payee. You can see the value dates (the date the payee is expected to receive the funds) for all supported payment methods in the payment methods coverage table in our documentation. Make sure you select the applicable payer funding currency from that page (our most common funding currencies are USD, CAD, EUR, and GBP).