Wire Funding: Wire funding is available to fund payment instructions one business day after it is received.
To note: In order to fund for next day payments, your funding wire has to be received into the Velo account by 9:30 AM PT, or 12:30 PM ET. If the wire arrives later, the wire processing will be delayed.
There is a daily bank cut-off time for wire funding. Please work with your bank to determine the cut-off time and the estimated time of delivery of the funds. We suggest you work with your bank to ensure your wire is submitted by their deadline.
Daily wire deadlines are typically 5 PM ET. Velo’s wire information will be provided by your Velo account manager.
To note: You will need to include a Velo defined Funding Reference ID to properly allocate funds to your Payor balance. You may view your Funding Ref ID by logging into your Payor Portal. For instructions on where to view your Funding Reference ID, click here.