Payments to another person, business or account with another bank. If you are making a payment after 6.30pm, on a weekend, or a Bank holiday, the payment will normally leave you account immediately, and be available in the recipient bank account within a few hours.
The cut-off time is usually 5 pm, but it can vary between banks. Banks will process requests made after this time the following business day. The term 'wire transfer' can also sometimes refer to non-bank transfer services.
The deadline for initiating transfers for the benefit of a third party (such as a bank's customer) is 6:45 p.m. ET each business day. Under certain circumstances, Fedwire Funds Service operating hours may be extended by the Federal Reserve Banks.
Definition of 'cutoff time'
The cutoff time is the time at which a bank stops crediting same-day deposits. Deposits after the cutoff time are credited the next banking day.
Cutoff times apply to various types of banking transactions, including wire transfers, check deposits, and electronic ACH transfers. These times can vary from bank to bank or depending on the transaction type within the same bank. Most banks have a cutoff time around 5:00 p.m. local time.
NEFT Timings in 2025
Key NEFT transfer timings include: Working days NEFT Time (7:00 AM to 7:00 PM): No transaction limit. After hours NEFT Time (7:00 PM to 7:00 AM): Transactions allowed up to ₹1 crore per transaction. Weekends and holidays: 24/7 availability, with a limit of ₹1 crore per transaction.
The cutoff time to send a wire transfer varies depending on the type: International Wire: 11:00 a.m. Domestic Wire: 4:30 p.m. ACH Wire: 4:30 p.m.
8:00 p.m. ET for next-business-day or 3-business-day transfer. Funds will be received by the recipient's bank either the next business day or within 3 business days. 5:00 p.m. ET for same-business-day (wire) transfer. Funds will be received by the recipient's bank on the same business day.
Payments will generally be received the same day they were sent as banks will exchange payments throughout the day. This will occur at least every hour from 9am to midnight, every day including weekends and public holidays.
While domestic wire transfers can be completed within one business day, international transfers typically take one to five business days, and they can take longer depending on a variety of factors. In rare cases, a perfectly executed transfer can reach the recipient within a single business day.
Incoming wire transfers received by 5 p.m. will be credited to your Account that day. Outgoing wire requests received after 3 p.m. will be processed the next Business Day.
If funds are received after 6pm or on a non banking day, value will be given for the next banking day.
Technically, it's never too late to transfer colleges. That said, you'll want to consider the extra cost of repeating classes and that this move may delay your graduation date. If you don't want to graduate late, you may want to try to transfer before your junior year.
The normal time to complete the transfer is 24 working hours, however, we recommend you check with your bank about it. Nowadays, most banking processes happen online. One would think that the money will reach the recipient's bank account instantly.
If the payment or transfer you have made left your account immediately you will see the transaction in your list of most recent transactions. If you have scheduled a payment or transfer for a date in the future you will be able to check online that it has been created successfully.
Payments to another person, business or account with another bank. If you are making a payment after 6.30pm, on a weekend, or a Bank holiday, the payment will normally leave you account immediately and be available in the recipient bank account within a few hours.
Domestic wire transfers are incredibly fast. Most times, you can expect to see funds landed within 24 hours. This is because domestic wire transfers tend to process same-day, with landed funds arriving next day as the bank opens.
Same-day ACH, which typically requires an additional fee, processes the same business day. For regular ACH payments, ODFIs generally settle at 8:30 AM the following business day for debit requests, and 8:30 AM the second business day for credits.
When transferring to or from your U.S. Bank account same business day transfers cut-off times are as follows: Checking, savings and reserve lines: 12 a.m. local time. Checking or savings payments to a first mortgage: 4:30 p.m. CT. All other accounts: 6:00 p.m. local time.
As a result, most bank transfers are instantaneous, although in some cases, payment can take up to two hours. It's important to remember that while Faster Payments aims to provide you with these types of bank transfer times, there's no guarantee that your payment will be cleared on the same day.
Funds from direct deposits, cash deposits or wire transfers are generally available the same day they are deposited to your account. In most cases, funds from checks you deposit on a business day (business days exclude Saturday, Sunday and federal holidays) are available to you by the next business day.
What does cutoff time mean? The “cutoff time” is the deadline by which all transactions must be submitted to the payments processing system. It marks the point when the transaction window closes, and the cumulative transactions (batch file) are submitted (batched) to the ACH network for processing.
Domestic: You need the recipient's name, address, ABA routing number for wires and account number. Cut off time is 5 p.m. Eastern.