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How long does it take to receive a transfer?

How long do transfers usually take to be received in the nsave account.

Updated over 2 months ago

The time it takes to receive a transfer depends on the type of payment rail that was used to complete the transfer.

If a transfers hasn't been received the issue might be with the receiving institution.

As a reference, we’ve included a general guide for each type of transfer:

ACH - USD Transfers

  • rely on routing numbers and account numbers (not SWIFT codes or IBANs)

  • usually takes 1-2 business days

SWIFT - International Wire Transfers

  • International payment system that uses SWIFT/BIC code

  • Usually takes between 2-5 business days, but can sometimes take longer.

SEPA (Single Euro Payments Area) - EUR transfers

  • cross-border payments within Europe, but only for transactions in euros and uses IBAN/BIC code

  • usually takes 1-2 business days

Faster Payment System (FPS) - GBP transfers

  • UK-based system that allows for instant domestic payments in GBP, uses sort codes and account numbers

  • Usually takes a few minutes, but can take up to a few hours.

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