USD payments overview
Updated over a week ago

Typically, local payments are supported by ACH and Fedwire.

Fedwire is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to electronically transfer funds between its more than 9,289 participants.

Unlike SWIFT most transactions completed via Fedwire should be completed on the same day.

You should not need to instruct the sending bank specifically to use Fedwire. However, if asked how to send a payment to your USD account then you should instruct them to use Fedwire.

Automated Clearing House (ACH) is an electronic funds-transfer system run by Nacha. The ACH is an electronic funds-transfer system that facilitates payments in the U.S.

It represents more than 10,000 financial institutions and can take up to three (3) days to complete.

Did this answer your question?