Settlement Period
This section describes the withdrawal methods and the settlement period available for your business.
In the event of Withdraw to bank account (off-ramp), the settlement period is the number of business days it takes for the funds to be transferred to your bank account once the stablecoin transfer is confirmed by SpherePay. The same settlement period is applicable to Deposit to wallet (on-ramp) in which it would take the same number of business days for the funds to be received by SpherePay before the stablecoin is able to be credited to your wallet.
Information
The settlement period is a guide only. Actual timing can vary by bank and country. For more information, please contact our support team or your account manager.
Please check the table below for the settlement period for each currency.
| Currency | Withdrawal Methods | Period (days) | Cut-off Time | Status | Remark |
|---|---|---|---|---|---|
| USD | ACH | 0-1 | 9:30 AM (UTC), 1:45 PM (UTC), 3:45 PM (UTC) | Active | Most suitable for everyday payments or recurring transfers within the U.S. |
| USD | WIRE | 0-3 | 4:45 PM (UTC) | Active | Suitable for large or international transfers |
| EUR | SEPA | 0-1 | N/A | Active | Most suitable for European Union (EU) countries |