Payment Processing Timelines

Payment Processing Times

From Float Balance:

• Payments typically take 1-2 business days to reach your vendor when you pay from your Float balance.
• Pay bills directly from your Float balance which is 4x faster than paying from your bank! Funds held in your pre funded Float account will also earn 4% interest. 

From Connected Bank Account:

• Payments generally take 3-5 business days when made directly from a connected bank account.
• Payments from Connected Bank Account are available to Professional plan and Enterprise plan customers only.  

Why Do Processing Times Differ?

• Paying from your Float balance allows for quicker transactions because the funds are pre-loaded and ready for immediate use from Float. In contrast, payments from a connected bank account must go through the standard bank transfer system, which can take longer and is outside of Float's control.

Payment Reversals

• Payment reversals take 1-3 business days to complete.