Float processes payments quickly, but timing depends on your funding source, payment method, and when you authorize the payment.
Guide Overview
Payment Processing Times by Funding Source
Why are Float Cash Balance Payments Faster?
Holiday and Weekend Considerations
When are Funds from Reversed Payments Returned?
Payment Processing Times by Funding Source
Timelines begin after the bill payment is approved and funds are authorized for release by an Administrator.
From Float Cash Balance:
- Payments typically take 1-2 business days to reach your vendor
- Payments must be scheduled before 12 PM EST for Same Day Payment Date
From Connected Bank Account:
- Payments generally take 3-5 business days to reach your vendor
- Payments must be scheduled before 5 PM EST for Same Day Payment Date
- Payments from Connected Bank Accounts are available to Professional plan and Enterprise plan customers only
Why are Float Cash Balance Payments Faster?
- Paying from your Float Cash balance allows payments to be processed immediately, with no delays from external bank transfers
- Bank account payments take longer because they move through the standard EFT or ACH networks, which are controlled by the external banks
- Paying bills directly from your Float Cash balance is 4x faster than paying from your bank. Funds held in your pre-funded Float Cash balance will also earn up to 4% Yield
Holiday and Weekend Considerations
Bill payments are only processed on business days. If your payment is pre-scheduled on or around:
- Canadian holidays
- Weekends
- Foreign bank holidays (for international wire transfers)
... it may be delayed until the next business day.
To avoid delays:
- Schedule and authorize payments before holidays
- Use Float Cash balance funding when speed is essential
When are Funds from Reversed Payments Returned?
If a payment fails or is reversed, funds will be returned to your Float balance within 1–3 business days.
For more details, see: Handling Reversed / Failed Bill Payments.