How much time will take for the fund transfer?

[Pratik (Pratik OX)]

Hi,
Hope you are doing well.

When I will transfer the fund

1. From customer A- chase savings account to customer A- PNC checking account how much time it
   will take to complete the transaction process?
2. From customer A- chase savings account to customer A- chase checking account(me-to-me transaction) how much time it will take to complete the transaction process?

Let me share my project transfer process:
1.when I will initiating a transaction at that time I will store the funding-transfer URL into our database.

2.Then after I will get the customer_bank_transfer_created webhook.
3.On the customer_bank_transfer_completed webhook, I will use resource id and search into my db which transfer process webhook I got and call GET https://api.dwolla.com/transfers/{id} API by using that API I will get funded-transfer URL and I will store into my database.
4.When another webhook return customer_bank_transfer_created.
5.customer_bank_transfer_completed webhook, By using resource id I will search into my DB which transaction process is completed and Will update status as completed.
6. The transaction process is completed now.

Please let me correct if I am wrong in my process.
Thanks

[spencer (Spencer Hunter - Lead Developer Advocate @ Dwolla)]

Hi @Pratik, thank you for posting! see my replies inline below:

@Pratik

• From customer A- chase savings account to customer A- PNC checking account how much time it
  will take to complete the transaction process?
• From customer A- chase savings account to customer A- chase checking account(me-to-me transaction) how much time it will take to complete the transaction process?

For any bank to bank transfer between different bank accounts using standard ACH will take between 4-5 business days for the funds to reach the end destination. For example, if a transfer is initiated on Monday prior to 4pm Central Time, the funds should complete to the destination bank account on Friday morning.

Here are a few helpful links:

ACH Processing Times | Dwolla API Documentation

https://www.dwolla.com/updates/ach-transfer-times/

@Pratik

Let me share my project transfer process:
1.when I will initiating a transaction at that time I will store the funding-transfer URL into our database.

2.Then after I will get the customer_bank_transfer_created webhook.
3.On the customer_bank_transfer_completed webhook, I will use resource id and search into my db which transfer process webhook I got and call GET https://api.dwolla.com/transfers/{id} API by using that API I will get funded-transfer URL and I will store into my database.
4.When another webhook return customer_bank_transfer_created.
5.customer_bank_transfer_completed webhook, By using resource id I will search into my DB which transaction process is completed and Will update status as completed.
6. The transaction process is completed now.

This process looks correct to me! As you may have noticed, there are two-sides to a bank to bank transaction. The ACH debit and the ACH credit. The completion of the ACH debit will create a secondary transaction which can be referenced via the funded-transfer link rel that is returned on the initial transaction.