This article details the processing times for ACH transfers, external deposits, and bank transfers in Invoice2go Money. All transactions are processed before 3pm EST each business day. Any transaction initiated after 3pm EST will not be processed until the following business day.
Note: Payments are not processed on weekends or bank holidays.
When you accept money from a client using Invoice2go Money, funds typically clear in 2-3 business days. If the transfer is initiated after 3pm EST, an extra day is needed for funds to clear.
Customers with accounts in good standing that meet eligibility criteria may be able to receive payments via next-day ACH transfers. Transfers must be initiated before 3pm EST in order to be processed the following business day.
ACH credits, or payouts, are typically initiated through next-day ACH. Once a payment has cleared (typically 2-3 business days), allow 1-2 business days for the money to transfer into your external bank account.
Note: Processing times are the same for automatic and manual transfers.
External deposits are posted to your Invoice2go Money Bank account as soon as they are received from the financial institution and processed by Invoice2go Money Banking. The total time required varies depending on the institution and the transfer method used. If you have questions about the timing of your direct deposit, please contact the payer who initiated the direct deposit.
ACH credits initiated by an external financial institution typically clear within 1-2 business days.
Note: Funds can also be wire transferred to an Invoice2go Money account. Standard wire processing times apply.