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.}