Table of contents
Highnote supports several transfer methods for moving funds between internal financial accounts and external bank accounts. This guide provides an overview of Highnote's transfer methods, timelines, and cutoff times.
Overview
Highnote supports a wide range of money movement use cases, including:
- Funding your card product
- Account holder financial account funding
- Internal transfers
- Moving funds out of Highnote
- Payroll advance
- Credit or charge balance repayment
Transfer methods
You can use transfers to move funds in and out of the Highnote platform. Some transfer methods are only available for specific card products or financial account types.
The following table provides an overview of all available transfer methods:
Transfer method | Description |
Originated ACH transfer | Transfer that is initiated inside the Highnote platform by an account holder or card program |
Next day originated ACH transfer | An originated ACH transfer that is settled on the next business day |
Same day originated ACH transfer | An originated ACH transfer that is settled on the same business day |
Non-originated ACH transfer | Transfer that is initiated by a third-party entity outside of Highnote, such as a financial institution or payment processor |
Internal Highnote transfer | Transfer between Highnote financial accounts |
Wire transfer | An immediate transfer between two financial institutions |
Transfer timelines
Each transfer method supported on the Highnote platform has its unique timeline. The following table provides an overview of the timeline for each transfer method:
Transfer method | Timeline |
Originated ACH transfer | Three to five business days |
Originated next day ACH transfer | One to three business days |
Originated same day ACH transfer | One to two business days |
Non-originated ACH transfer | Three to five business days |
Internal Highnote transfer | Instant |
Wire transfer | Same business day |
Cutoff times
Warning: Initiating a transfer after the specific cutoff time may result in additional processing time.
Next day and same day originated ACH transfers have specific cutoff times for processing. The following table provides an overview of cutoff times and descriptions for originated ACH transfers:
Type | Cutoff time | Description |
Originated next day ACH transfer | 4PM EST |
|
Originated same day ACH transfer | 2PM EST |
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