ACH Settlements and Timing

ACH Payments

Settlement

ACH payments require 4 business days for funds to settle. Settlement means that the funds have cleared, USDC has been minted, and your available balance has been credited.

Prior to settlement, funds may show up as "unsettled" when viewing your balance. In the example below, once the $10 payment has settled, your new available balance will be $50.00:

{
  "data": {
    "available": [
      {
        "amount": "40.00",
        "currency": "USD"
      }
    ],
    "unsettled": [
      {
        "amount": "10.00",
        "currency": "USD"
      }
    ]
  }
}

Cut-off Times

In order to be considered as part of that business day's payments, an ACH payment needs to be created using Circle's API by 15:00 UTC. Payments created after that time will be attributed to the next business day.

For example, if a payment is created before 15:00 UTC on Monday, then a 4-day settlement period should see funds settle and credit your available balance on Friday. If the payment is created after 15:00 UTC, then Tuesday becomes the first business day, and funds should settle on the following Monday.

Reversals

While uncommon, disputes can happen on the ACH network if the customer or their bank contests the transaction. ACH allows consumers up to 60 days to dispute a payment, which is well after settlement. In these situations, Circle deducts the funds from your balance.

ACH Payouts

Settlement and Cut-off Times

ACH payouts share the same cut-off time as payments (15:00 UTC on business days), and funds should typically arrive in your customer's bank account in 1 business day.