Table of Contents
Processing Timelines
Below table depicts typical processing timelines for various ACH transfer scenarios. Example scenarios can be used to gauge when an ACH transfer could be expected to settle.
| TIMING OF TRANSACTION | EXAMPLE TRANSACTION TIME | TRANSFER MODE | EFFECTIVE DATE | EXPECTED SETTLEMENT DATE | NOTES |
|---|---|---|---|---|---|
| Base case for standard: Sent within daily processing window |
Monday 03/15 11:00 PST | Standard | Not passed in the request. Defaults to next day, 03/16, if not provided. |
Thursday 03/18 | Typical processing time of ACH credit is 2 days after effective date. Request will be picked up and processed by the next scheduled job. |
| Sent after daily processing window | Monday 03/15 20:00 PST | Standard | Not passed in the request. Counts as on the next day's processing window, therefore defaults to next day after next business day, 03/17. |
Friday 03/19 | Typical processing time of ACH credit is 2 days after effective date. Request will be picked up and processed by the next scheduled job. |
| Sent after daily processing window | Monday 03/15 20:00 PST | Standard | Effective date is set to 3/16 on the request. Still counts as if sent on 3/16, processing window will default to next day of 03/17 |
Friday 03/19 | Effective date has no effect on the processing timeline. |
| Base case for same-day: Sent within daily processing window
For same day - (before 10:30 AM PST) |
Monday 03/15 10:00 PST | Same-Day | Not passed in the request. Effective date defaults to 3/15. |
Wednesday 03/17 | Typical processing time of ACH credit is 2 days after effective date. Since this was sent before the 10:30 last cutoff for same day, the settlement day is on 3/17. |
| Same-day transfer sent within daily processing window but after the same-day cutoff time of 10:30 AM | Monday 03/15 11:00 PST | Same-Day | Not passed in the request. API sets effective date as 3/15 but downstream system bundles it with the default effective date of 3/16 (part of tomorrow's same day). | Thursday 03/18 | Same-day ACH transfer requests process within the same business day, depending on below parameters: service must be set to: same-day, request must be in by 10:30 AM, amount must be less than $100,000. |
| Same-day transfer sent in after daily processing window | Monday 03/15 20:00 PST | Same-Day | Not passed in the request. API sets effective date as 3/16 and downstream system sets as 3/16 (part of tomorrow's same day). | Thursday 03/18 | |
| Base case for standard with weekend/holiday in between:
Sent within daily processing window |
Friday 03/19 11:00 PST | Standard | No processing over the weekend. Effective date is set to Monday, 03/22. |
Wednesday 03/24 | |
| Use case for when passed-in effective date would impact the actual processing effective date:
Sent within daily processing window |
Monday 03/15 11:00 PST | Standard | Effective date is set to 03/22 in the request. | Wednesday 03/24 |
|
Effective Date Calculation
Effective date calculations are based on the time transfer requests are received. If the request is received before the daily processing window (ending on 6:55 PM PST) then the effective date is set to next business day. If the request is received after the daily processing window, then the effective date is set to next business day after tomorrow's processing window (t+2 days).
Same-day transfers are processed within the same-day if the request is received before 10:25 AM PST (on a business day). If the request is received after the same-day cut-off time, then the transfer will be scheduled for the next business day.
Below table includes example scenarios of how effective date is calculated based on submission time.
| REQUEST SUBMISSION (PST) | ACH SERVICE TYPE | EFFECTIVE DATE |
|---|---|---|
| Tuesday 08/24/2021 6:05 PM (before daily cut-off of 6:55 PM) |
Standard | Wednesday 08/25/2021 |
| Tuesday 08/24/2021 7:05 PM (after daily cut-off of 6:55 PM) |
Standard | Thursday 08/26/2021 |
| Thursday 08/26/2021 7:50 PM (after daily cut-off of 6:55 PM) |
Standard | Monday 08/30/2021 |
| Tuesday 08/24/2021 6:05 PM (before daily cut-off of 6:55 PM) |
Same-Day | Wednesday 08/25/2021 |
| Tuesday 08/24/2021 7:05 PM (after daily cut-off of 6:55 PM) |
Same-Day | Wednesday 08/25/2021 |
| Wednesday 08/25/2021 8:00 AM (before same-day cut-off of 10:25 AM) |
Same-Day | Wednesday 08/25/2021 |
| Wednesday 08/25/2021 11:00 AM (after same-day cut-off of 10:25 AM) |
Same-Day | Thursday 08/26/2021 |
| Friday 08/27/2021 3:00 PM | Same-Day | Monday 08/30/2021 |
| Saturday 08/28/2021 10:00 AM | Same-Day | Monday 08/30/2021 |
ACH Processing Windows
| ACH PROCESSING TIMES (PST) |
|---|
| 3:05 |
| 5:35 |
| 9:05 PST |
| 10:25 (Same-day cutoff time) |
| 12:05 |
| 15:35 |
| 17:05 |
| 18:55 |
ACH Completion Windows
SVB marks ACH transfer requests as "succeeded" at various times during the day. Below times reflect the start times of these scheduled jobs.
| ACH COMPLETION TIMES (PST) |
|---|
| 3:20 |
| 9:20 |
| 12:20 |
| 17:20 |