Managing Bank Payouts

Learn about bank payout options and cutoff times.

Bank Payout Options

Finix supports two types of bank payout options:

  • Next Day ACH: Funds sent via Next Day ACH will be available in a customer's bank account by 9 AM in their local bank time.
  • Same Day ACH: Funds sent via Same Day ACH are available Same Day if sent by the cutoff times below.

Bank Payout Cutoff Times

The table below outlines cutoff times for Next Day ACH and Same Day ACH.

Bank Payout Speed Finix Cutoff time Funds in Recipient's bank account
Next Day ACH 9:30 PM ET By 9 AM the next business day Local Time. (Can vary by bank)
Same Day ACH 11:30 AM ET 5 PM Local Time of bank
Same Day ACH 2:30 PM ET End of processing day

Selecting between Next Day and Same Day ACH

Note: Same Day ACH is not enabled by default. If you are interested in Same Day ACH, please reach out to your Finix point of contact.

Via API

Next Day ACH Example

For Next Day ACH, the operation_key has a value of PUSH_TO_ACH.

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Copied
curl https://finix.sandbox-payments-api.com/transfers \
    -H "Content-Type: application/json" \
    -H 'Finix-Version: 2022-02-01' \
    -u  US9bhCUqoTxo7V6di8ceb3Td:e704591a-1972-4b41-9884-6a67f5d7cdbb \
    -d '
	{
      "currency": "USD",
      "amount": 15000,
      "operation_key": "PUSH_TO_ACH", 
      "processor":"DUMMY_V1",
      "destination": "PIin2ENAnCtMwMkrnq7AMKuW"
    }'

Same Day ACH Example

For Same Day ACH, the operation_key has a value of PUSH_TO_SAME_DAY_ACH.

Copy
Copied
curl https://finix.sandbox-payments-api.com/transfers \
    -H "Content-Type: application/json" \
    -H 'Finix-Version: 2022-02-01' \
    -u  US9bhCUqoTxo7V6di8ceb3Td:e704591a-1972-4b41-9884-6a67f5d7cdbb \
    -d '
	{
      "currency": "USD",
      "amount": 15000,
      "operation_key": "PUSH_TO_SAME_DAY_ACH", 
      "processor":"DUMMY_V1",
      "destination": "PIin2ENAnCtMwMkrnq7AMKuW"
    }'