Wire Timings

The settlement time for wire payments may vary depending on where you bank. We publish our timings in the time zone of the bank. All times are in 24-hour format.

BankCutoff TimeTime Zone
BankProvDaily at 5:00, 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 13:50PT
Bank of Montreal (US Wire)Daily at 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 16:35, 17:25ET
Bank of Montreal (Canada Wire)Daily at 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 15:50ET
First Republic BankDaily every 5 minutes from 6:00 - 14:20PT
HSBC (CHAPS)Daily at 14:30, 15:20Europe/London
JPMorgan ChaseDaily at 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 17:00, 17:20ET
Metropolitan Commercial BankDaily at 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 16:35ET
Santander (Cross-Border, USD)Daily at 14:00, 14:50Europe/Madrid
Santander (Cross-Border, GBP)Daily at 12:00, 12:50Europe/Madrid
Santander (Cross-Border, Other)Daily at 10:30, 11:20Europe/Madrid
Signature BankDaily at 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 16:30ET
Silicon Valley Bank (Default)Daily at 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 13:50PT
Silicon Valley Bank (FX)Daily at 4:00, 5:00, 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 12:50PT
Wells Fargo (Default)Daily at 9:00, 9:30, 10:00, 10:30, 11:00, 11:30, 12:00, 12:30, 13:00, 13:30, 14:00, 14:30, 15:00, 15:30, 16:00, 16:30, 17:00ET
Wells Fargo (FX)Daily at 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 16:30ET
WintrustDaily at 5:00, 6:00, 7:00, 8:00, 9:00, 10:00, 11:00, 12:00, 13:00, 13:50CT

The workflow of the payment order from creation to completion is as follows:

  • When the payment order is created, it will initially have a status of approved or needs_approval. Note that only payment orders that have been approved will be sent to the bank. If it is not approved by the cutoff, it will be sent before the next cutoff time.
  • At the cutoff time, the payment order's status will be updated to processing and you will receive the begin_processing webhook event.
  • When the batch is fully processed, the payment order's status will be updated to sent and you will receive the finish_processing webhook. This typically only takes under a minute.
  • While the payment order is still sent, it may tentatively reconcile to a pending transaction. Pending transactions will usually appear the business day prior to when the transaction posts. At this point, the funds from the payment order will have been credited or debited to your bank account. It is important to note that not all payment orders will tentatively reconcile, as some banks do not provide enough information in their pending transactions to do this.
  • When a posted transaction is created and reconciled to the payment order, your payment order status will become completed and you will receive the completed webhook. The payment order will have the ID of transaction in its attributes. If you were pulling money from a counterparty, the funds are now in your account. If you were sending money, the funds have now left your account.