Payment Settlement Times

If you're awaiting an incoming payment that was sent to your Rho account, here's how long it will take to settle:

Payment Type Settlement Time
Incoming Linked Account Transfer
(These happen via the ACH network) 		Up to 5 business days
(ex: A linked account transfer initiated Monday morning should land Thursday afternoon.)
Incoming ACH 1-3 business days
Incoming Domestic Wire 1-2 business days
Incoming International Wire 1-5 business days
Remote Check Deposit 2-3 business days, subject to risk-based monitoring (generally up to 6-7 business days)
Savings to Checking Account Payments 2 business days
Treasury to Checking Account Payments Before 2 pm EST, land next business day.
After 2 pm EST, it will take 2 business days.
You can withdraw your funds at any time within 24 hours' notice without any fees or penalties.
Treasuries are processed in T+1 (one business day), and Bank CDs and IG Corps are processed in T+2 (two business days).

‍If an expected payment hasn't arrived to your Rho account: The best option is often to call the sending bank. However, we're happy to try to help. Please refer here for information on attempting to trace incoming funds. Please also note that Rho does not have visibility or control over external banks' settlement times/policies.

‍Note: Settlement times can vary based on the policies of the sending and correspondent banks. Business Days means Monday through Friday, excluding bank holidays. Deposits made after 2PM ET on a business day or on a Saturday, Sunday or bank holiday are considered received on the next business day

If you sent a payment from your Rho account to a vendor, here's how long it will take to settle in their account:

Payment Type Settlement Time
Outgoing ACH Same-day if created before 2 pm ET and under $1mm
Next day if created after 2 pm ET, or over $1mm
Outgoing Domestic Wire Same-day if created before 4:45 pm ET
Next day if created after 4:45 pm ET
Outgoing International Wire 1-3 business days,
up to 5 business days*
Outgoing Printed Check Up to 8 Business Days to arrive at recipient address (via USPS)
Once deposited, settlement times depend on the recipient bank.
Internal Payments Within the Same Business (Checking to Checking) Within 1 Hour
Internal Payments Between Different Businesses Holding Accounts at Rho (Checking to Checking) 1 Business Day
Checking to Savings Account Payments 2 Business Days
Checking to Treasury Account Payments Same-day if created before 4:45 pm ET
Next day if created after 4:45 pm ET
Vendor-Initiated ACH Pulls from a Rho Account Next day (depending on the external bank policies)
Note: Please employ discretion before allowing this service by your vendors.

If a sent payment hasn't arrived to your vendor's  account: Please reach out to clientservice@rho.co to assist you in locating your payment. Please also note that Rho does not have visibility or control over external banks' settlement times/policies.

‍Please note that payments over $1mm could take an extra day to settle.

*Settlement Time for Outgoing International Wires

Settlement time for Outgoing International Wires can vary based on several factors. Understanding these can give you a better estimate of when your payment should arrive. Here’s a detailed breakdown of what may influence the settlement time for outgoing international wires:

  • Payment Method: Some payment methods are faster than others.
  • Currency Type: The currency you're sending to can affect how long the transfer might take.
  • Banking Hours and Holidays: Transactions are processed on business days. If a payment is sent over a weekend or public holiday, it will be processed the next working day.
  • Security Checks: All transactions are subject to standard compliance checks, which may add extra time to your transfer.

Estimated Transfer Times:

For payments not sent via the Swift network, the settlement time can range between 1 and 3 business days. However, please take into account that converting your money can take up to 2 working days.

SWIFT payments can take longer than regular payments because they go through correspondent banks. We suggest waiting 4 to 5 business days for these payments to settle.

Note: We can’t speed up SWIFT payments, but if your payment is taking longer than expected, please let us know.

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Payment Timing and Settling
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Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its partner banks. International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party.
The Rho Corporate Card is issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard.
Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser and subsidiary of Rho. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC-insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk, including the possible loss of the principal invested, and past performance does not future results. Registration with the SEC does not imply a certain level of skill or training. Treasury and custodial services provided through Apex Clearing Corp. ("Apex") and Interactive Brokers LLC ("Interactive"), registered broker dealers and members FINRA/SIPC. Interactive rates may vary from Apex rate shown above. For additional information about investment management and advisory services provided by Rho Treasury, please refer to Rho Treasury’s ADV-2A Wrap Fee Brochure.
             
This material presented is for informational purposes only and should not be construed as legal, tax, accounting or investment advice. Under no circumstances should any of this material be used for or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities. Any analysis or discussion of financial planning matters, investments, sectors or the market generally are based on current information, including from public sources, that we consider reliable, but we do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. Our views and opinions are current at the time of publication and are subject to change. You should consult with your attorney or relevant professional advisor for advice particular to your personal or business situation.
                  
Rho Treasury is not insured by the FDIC. Rho Treasury are not deposits or other obligations of Webster Bank N.A., or American Deposit Management Co.’s partner banks, and are not guaranteed by Webster Bank N.A., or American Deposit Management Co.’s partner banks. Rho Treasury products are subject to investment risks, including possible loss of the principal invested.
*This reflects the sought net yield based on 90-day Treasury Bill rates as of [DATE] and an annual fee which ranges from 0.15% for deposits of $20M or more to 0.6% (the maximum annual fee) for deposits under $2M. Individual results may vary depending on the actual investment date and investment products selected. Past performance is not a guarantee of future performance results. The yield is variable and fluctuates without prior notice. The rate shown is net of fees. The amount of Treasury Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield.
© 2019-2024 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc.

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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.