Wire funding can be delivered and received into the platform on the same day and be used to fund payments instructed for the same day.
To note, in order to fund for same day payments, your funding wire has to be received into the Velo account by 9:30AM PST, or 12:30PM EST. If the wire arrives later, payments will still go out but will not make same day processing.
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 to ensure your wire is submitted by their deadline.
Daily wire deadlines are typically 5 PM Eastern. Velo’s wire information will be provided by your Velo account manager.