How long does a bank transfer (deposit or withdrawal) take to process?

Modified on Tue, 18 Aug at 2:11 PM

Currently on Bit2Me, you can receive both instant transfers and standard transfers. This will depend on the ability of your bank to make instant transfers, as well as the Bit2Me bank you choose as the recipient:

Instant transfers

Instant transfers are available for deposits through our bank accounts with Unnax and Clear Junction. These are credited immediately provided that:

The sending bank allows instant transfers.
The transfer purpose or reference indicated in Bit2Me is entered correctly.

In most cases, funds will be credited to your account instantly. However, the crediting period might be delayed in some cases.

If you have made an instant transfer and have not received it after a considerable time, please contact us by sending the proof to support@bit2me.com.

Standard transfers

Standard bank transfers usually take between 24 and 48 business hours, depending on several factors:

The sending and receiving bank.
The time the transaction is made.
If there are public holidays in between.
The type of transfer.
The transfer purpose indicated by Bit2Me is entered correctly.

Practical examples of the most common scenarios for standard transfers:

Monday morning (9 AM): it may arrive that same afternoon or Tuesday morning.
Tuesday afternoon: the bank will process it on Wednesday morning. You might receive it on Wednesday afternoon or Thursday morning.
Thursday afternoon: it will be processed on Friday morning. It may arrive on Friday afternoon or the following Monday.
Friday, Saturday, or Sunday: it will be processed on Monday morning. You might receive it on Monday afternoon or Tuesday.

Important: Transfers made from Bit2Me are processed via the instant service.

To ensure the fastest withdrawal, it is essential to verify that the provided details are correct and that the destination account is in your name and supports instant transfers (optional). Additionally, certain operations may be reviewed to offer a more reliable and secure process, aiming to detect potential fraud.

If a deposit or withdrawal transfer has not been processed after 48 hours, you can contact us at support@bit2me.com (If it's a deposit to Bit2Me, please attach the transfer confirmation).