The wire payment has not arrived. How long does it take for the funds to arrive?
Funds are subject to the cut-offs and timelines of the sending bank used by your customer and the clearing system for the given currency.
Once the funds arrive at your Paynode Account, they are credited to your account in the timeline shown below, provided they are referenced correctly by your customer.
|SEPA payments typically arrive on the same or the next day, depending on the bank used to send the payment. Once received the funds are immediately applied to your balance.
(ACH or Fedwire)
|If we receive the funds before 5 pm EST, the payment lands on the same day. After this time, payments arrive the following day. This is true for all US banking days.
|Payments usually arrive on the next working day.
|Funds issued by approved senders arrive in the Paynode account in seconds, 24/7.
|NOTE: SWIFT wires arrive within an hour.
If the payment has not arrived within the expected timeframe, please consider the following:
Are there external factors, such as a public holiday, that may have delayed the payment?
- Check that your (beneficiary) bank details match the details in the payment confirmation.
- Check that the correct IBAN/BIC or ABA/Account/Routing numbers were used for the transfer sent.
- Check that your client and your client’s bank are located within the supported countries and regions for sending payments.
Any funds received from a payor or bank outside of the supported locations will be rejected and returned. Additionally, payments sent from crypto-currency platforms may be delayed or declined.
Still, need help?
The support we can provide for locating payments depends on the payment route - SWIFT (priority) or Regular (local) - and the provided tracking information.
All payments are managed and tracked by the sending bank. Therefore, have your client provide you with one of the following information to help locate the wire payment.
Below is a list of the tracking information or proof of payment (POP) that we require.
|The trace information can tell us when the money left the sending bank, how it was sent, and how much it was.
SWIFT (priority) payments
SWIFT GPI screenshots
MT103 - this is a standardized SWIFT payment message. It is accepted as proof of payment and includes all payment details such as date, amount, currency, sender, and recipient
UETR Reference - this is a unique reference associated with each payment that is kept and shared by each bank involved in the payment
Regular (local) payments
Have your client provide you with a trace id, which shows that the funds have left the sender´s account.
Fedwire - request the proof of payment containing the IMAD/OMAD number.
ACH - request the ACH transaction trace number.
Faster Payments - request the Confirmation of Payment.
SEPA – request a trace id.