ACH Processing Schedule
This page has been updated with Priority specifications.
Disclaimer:
- Transactions are not processed on weekends or US federal holidays. For a list of banking holidays, you can check the Federal Reserve's calendar here.
- Sila is not responsible nor has control over any transaction flow that falls outside of the Sila/Priority environment. If you experience any delays for a push transaction, please contact the bank that is being credited.
Sandbox Transaction Timings
Please be aware that test transactions in Sandbox can take up to an hour to process successfully.
Terminology
- ODFI: the Originating Depository Financial Institution - the sender. In Sila's case, the ODFI is Priority.
- RDFI: the Receiving Depository Financial Institution - the receiver. In Sila's case, the RDFI is the receiving end user's external banking institution.
- pull: linked bank account -> Sila wallet/Priority ledger account. Also referred to as an "issue" transaction.
- push: Sila wallet/Priority ledger account -> linked bank account. Also referred to as a "redeem" transaction.
- internal transfer: Sila wallet -> Sila wallet. Also referred to as a "ledger_to_ledger" or a "book transfer."
Standard ACH Schedule
Standard ACH Pull
| Cutoff Window PT | Cutoff Window ET | Priority Account Settlement Time |
|---|---|---|
| 3:30 PM | 6:30 PM | 2:30 PM PT / 5:30 PM ET next business day |
Standard ACH Push
For Standard ACH pushes, funds are sent out at the next available window. The settlement time for those funds in the receiving banking institution is ESTIMATED to be the next business day. Once funds have left the Priority/Sila environment, they are out of our jurisdiction.
Same Day ACH Schedule
Same Day ACH Pull
| Processing Window | Cutoff Time PT | Cutoff Time ET | Priority Account Settlement Time |
|---|---|---|---|
| 1st Same Day | 6 AM | 9 AM | 1:15 PM ET / 10:15 AM PT same day |
| 2nd Same Day | 9:30 AM | 12:30 PM | 6 PM ET / 3 PM PT same day |
| 3rd Same Day | 10:45 AM | 1:45 PM | 6 PM ET / 3 PM PT same day |
Same Day ACH Push
| Processing Window | Cutoff Time PT | Cutoff Time ET | Submitted out to the Fed for Processing |
|---|---|---|---|
| 1st Same Day | 6 AM | 9 AM | before 9:45 AM PT / 12:45 PM ET same day |
| 2nd Same Day | 9:30 AM | 12:30 PM | before 11 AM PT / 2 PM ET same day |
| 3rd Same Day | 10:45 AM | 1:45 PM | before 12 PM PT 3 PM ET same day |
Same Day push transactions are ESTIMATED to settle in accordance with the NACHA schedule and the RDFI's local timezone. Once funds have left the Priority/Sila environment, they are out of our jurisdiction. We can only estimate settlement times for push transactions.
- Note: Priority requires that cutoff times are earlier than the NACHA schedule to allow time for transactions to process and be sent forward to the ACH Network.
Internal Transfers
Wallet > wallet transfers can take from seconds up to 15 minutes to fully settle in Production.
Wire Schedule
| Cutoff Window PT | Cutoff Window ET | Settlement Estimate |
|---|---|---|
| 1:30 PM | 4:30 PM | before end of same business day |
Updated 7 days ago