In general, Bank of America processes incoming ACH transfers within the same business day they are received, as long as they are submitted before the daily cutoff time, typically in the late afternoon or early evening. However, it s important to note that the actual availability of funds in the recipient s account may take an additional business day or two.
Outgoing ACH transfers from Bank of America typically have 1-2 business days processing time. However, the receiving bank and any intermediate financial institutions engaged in the transaction may impact timing. It s advisable to initiate ACH transfers well in advance to ensure the timely delivery of funds, especially if there are specific payment deadlines or time-sensitive requirements.
It s important to note that weekends, bank holidays, and non-business days can affect the processing time of ACH transfers. In such instances, the transfer may be postponed until the following business day.