ACH deposits to your Cash account do not arrive instantly. In most cases, they arrive within 3 business days, but they can take up to 5 business days. ACH transfers do not process on weekends or US federal holidays.
What counts as an ACH deposit?
ACH deposits include the following:
- Deposits made from a linked US bank account using the Card, Apple Pay, Bank or Card, Google Pay, Bank options on the Cash tab in Phantom.
- Bank transfers sent through the ACH network.
How ACH timing works
ACH only processes on US business days. Weekends and US federal holidays do not count as processing days.
If you submit a deposit before the daily cut-off on a business day, the processing window typically starts that day. If you submit it after the cut-off, or on a weekend or holiday, the processing window typically starts on the next business day.
Expected timeline
The expected timeline is the following:
- Most ACH deposits arrive within 3 business days.
- Some ACH deposits can take up to 5 business days.
Examples
Examples include the following:
- Monday morning: If you submit an ACH deposit before the daily cut-off on Monday, it may arrive as early as Tuesday or within the next few business days.
- Friday evening: If you submit after the cut-off on Friday, processing usually does not begin until Monday, so the arrival window starts from the next business day.
- Weekend or holiday: If you submit on a Saturday, Sunday, or US federal holiday, processing usually begins on the next business day.