Devdraft accesses fiat rails only on banking days. Understanding processing windows and cutoff times helps you plan transactions and set proper expectations for settlement timing across different currencies and payment methods.

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What are Processing Windows?

Processing windows define when financial institutions process transactions and the deadlines (cutoffs) for same-day processing. Missing a cutoff means your transaction will be processed on the next business day, affecting settlement timing.

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Quick Reference

Key processing information at a glance:
1

Check Currency

Identify whether you’re processing USD, EUR, or MXN transactions
2

Choose Rail Type

Select the appropriate payment rail (ACH, Wire, SEPA, SPEI)
3

Check Cutoff Time

Verify the daily cutoff time for your chosen rail
4

Plan Settlement

Account for settlement time in your workflow planning

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Devdraft Processing Schedule

United States Dollar Processing:
Rail TypeCutoff Time (ET)Settlement TimeNotes
Next Day ACH1:00 PM8:30 AM next business dayDevdraft submits batches at 1:00 PM ET daily. Post-cutoff transactions process next day. ACH funds typically land in 1–2 business days.
Same Day ACH9:30 AM, 1:45 PM, 3:45 PM1:00 PM, 5:00 PM, 6:00 PM same daySame-day settlement at receiving bank. Availability depends on receiving bank capabilities.
Wire Transfer4:45 PM~1 hour after sendingTransactions after 4:45 PM ET are sent next business day. Real-time processing during banking hours.
USD rails operate only on US banking days. Transactions submitted on weekends or holidays will be processed on the next business day.

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Processing Types

Fiat to Cryptocurrency Conversion:
  • Processing Speed: Devdraft typically sends crypto within minutes of fiat landing in bank account
  • Availability: Depends on underlying fiat rail processing times
  • Settlement: Crypto delivery follows fiat confirmation
Timeline Example:
  1. Fiat transaction initiated
  2. Fiat settles according to rail schedule
  3. Crypto sent within minutes of fiat confirmation
Onramp processing timeline showing fiat to crypto conversion
Cryptocurrency to Fiat Conversion:
  • Processing Speed: Follows fiat rail schedules listed above
  • Cutoff Dependency: Subject to fiat rail cutoff times
  • Settlement Timing: Varies by destination currency and rail type
Process Flow:
  1. Crypto transaction confirmed
  2. Fiat processing initiated
  3. Settlement according to rail schedule

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Time Zone Considerations

USD Transactions

All times shown in Eastern Time (ET). Plan for UTC-5 (EST) or UTC-4 (EDT) depending on season.

EUR Transactions

Times shown in Central European Time (CET). Account for UTC+1 (CET) or UTC+2 (CEST) based on season.

MXN Transactions

SPEI operates 24/7/365 with no time zone restrictions for processing.

Global Coordination

Consider local banking holidays and weekends when planning international transactions.

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Banking Day Schedules

USD Rail Availability:
  • Operating Days: Monday through Friday
  • Excluded Days: Federal holidays
  • Weekend Processing: No ACH or Wire processing
  • Holiday Impact: Transactions queue for next business day
Major US Banking Holidays:
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Columbus Day
  • Veterans Day
  • Thanksgiving Day
  • Christmas Day

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Best Practices

1

Plan Around Cutoffs

Timing Strategy:
  • Submit transactions well before cutoff times
  • Account for time zone differences
  • Plan for potential delays during high-volume periods
  • Consider backup processing options for urgent transactions
Build buffer time into your transaction planning to account for unexpected delays or high processing volumes.
2

Choose Appropriate Rails

Rail Selection Strategy:
  • Use Same Day ACH for urgent USD transactions
  • Leverage SEPA Instant for time-sensitive EUR transfers
  • Utilize SPEI for real-time MXN processing
  • Consider cost vs. speed trade-offs
Faster rails typically come with higher costs. Evaluate whether speed requirements justify additional fees.
3

Monitor Processing Status

Transaction Tracking:
  • Track transactions through processing stages
  • Set up alerts for cutoff reminders
  • Monitor settlement confirmations
  • Maintain processing logs for reconciliation
Always verify settlement completion rather than assuming processing based on submission time alone.

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Common Scenarios

Urgent USD Transactions:For transactions that must settle same day:
  • Submit before 9:30 AM ET for first Same Day ACH batch
  • Use Wire transfers if after Same Day ACH cutoffs
  • Consider that receiving bank capabilities affect final availability
Fallback Options:
  • Wire transfer (until 4:45 PM ET)
  • Next Day ACH (until 1:00 PM ET)
  • Next business day processing
Cross-Border EUR Processing:For international EUR transactions:
  • Verify SEPA Instant support at destination bank
  • Use SEPA Credit for large amounts (>€100K)
  • Account for different banking holidays across countries
Considerations:
  • Instant availability varies by receiving bank
  • Some banks may not support weekend instant processing
  • Large transaction thresholds may force SEPA Credit usage
Always-On MXN Processing:For continuous MXN operations:
  • Leverage SPEI’s 24/7/365 availability
  • No need to plan around banking days
  • Real-time settlement supports instant business operations
Advantages:
  • Weekend processing available
  • Holiday processing continues
  • Instant settlement confirmation
  • No cutoff time planning required

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Troubleshooting

When Transactions Miss Cutoffs:
  • Transaction will process on next business day
  • Settlement time extends by one business day minimum
  • No same-day processing options available after cutoff
  • Plan alternative timing for urgent needs
Solutions:
  • Submit transactions earlier in the day
  • Use faster rails with later cutoffs
  • Consider different currency options if available
Extended Processing Periods:
  • USD and EUR Credit rails don’t process on non-banking days
  • Transactions submitted Friday evening process Monday
  • Holiday weekends can extend delays further
  • Plan for longer settlement windows
Mitigation:
  • Use instant rails (SEPA Instant, SPEI) when possible
  • Submit transactions before weekends
  • Communicate potential delays to recipients
Receiving Bank Constraints:
  • Not all banks support instant settlement
  • Some banks have their own processing windows
  • Large transaction limits may apply
  • Regional banking practices vary
Resolution:
  • Verify capabilities with receiving bank
  • Use alternative rails if needed
  • Split large transactions if required
  • Confirm processing capabilities before sending
Understanding processing windows and cutoff times is essential for reliable transaction planning. Always account for banking day schedules and choose appropriate rails based on urgency and cost requirements.