Instant Payments, 24/7
Real-Time Payments
Real-time payments (RTP) are electronic payment systems that enable instant fund transfers of up to $10 million per payment between bank accounts 24 hours a day, seven days a week, 365 days a year. These systems empower users to receive payments instantly, usually within seconds, unlike traditional methods like checks or ACH transfers, which can take several days to process.
Instantaneous Transactions
Funds transfer instantly, giving you immediate access to funds
Convenience
Seamless transactions mean no need for physical checks or delays associated with traditional payment methods
24/7 Availability
Real-time payments 24/7 allow you to receive transactions any time, including weekends and holidays
Improved Cash Flow
Faster settlement times offer improved cash flow and liquidity
Support for Digital Economy
Payment via account number to respond to the speed and efficiency of the digital economy
Secure
Payments received are irrevocable, reducing the risk of fraud
What are Real-Time Payments?
Real-Time Payment (RTP) enables consumers, businesses (public and non-public) to instantly send and receive funds 24/7/365.1
Can Real-Time Payments be used on weekends, holidays or after business hours?
Yes. Real-Time Payments are available 24/7/365.1
How do I receive a Real-Time Payment?
All checking, savings and money market accounts are eligible to receive Real-Time Payments. You don’t need to take any special action to set up RTP.
How do I send a Real-Time Payment?
The ability to send Real-Time Payments from a Account is not currently available. Sending RTP transactions is targeted for 2026.
Are there transaction limits?
The Clearing House has set a transaction limit of $10 million per payment.
Can I opt out of Receiving Real-Time Payments?
Yes. You can opt out of receiving Real-Time Payments. Please contact Client Care at (888) 995-2265 for more information.
Learn More Today
For more information, please contact your Relationship Manager or Client Care at +1 800 000 0000.
1. This functionality is based on the National Automated Clearinghouse Association (NACHA) 2017 rule adopting Same Day ACH Origination Solution as amended in 2020. Requires enrollment in Business Online Banking. Some products and services may be subject to prior approval or fees. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information