ACH Transfer Timelines

Key Things to Know

• Transfers take 5-7 business days to finish.
• Transfers started after 1 PM EST will add an extra business day to the process.
• Weekends and holidays don’t count as business days.

How ACH Transfers Work with Avestor (with Dwolla)

For Investors Adding Money (Deposits)

1. Day 1 (Business Day):

   • Before 1 PM EST: You start the transfer on Avestor.
   • After 1 PM EST: The transfer starts the next business day.

2. Days 2-4:

   • The ACH processor works behind the scenes to move the money.

3. Day 5:

   • Your funds reach the fund’s bank account.

4. Day 6:

   • The transfer shows as “completed” in Avestor.

For Funds Sending Money to Investors (Distributions)

1. Day 1:

   • The fund manager starts the transfer on Avestor.

2. Days 2-4:

   • The ACH processor moves the money.

3. Day 5:

   • The money arrives in your bank account.

4. Day 6:

   • The transfer shows as “completed” in Avestor.

Bank Holidays and Their Impact on Transfers

• If a Bank Holiday Falls on a Weekday:
  Payments initiated on a holiday (e.g., Thanksgiving Day) won’t process until the next business day.
  Example: A transfer started on Thursday, November 28, 2024, will begin processing on Friday, November 29.

• If a Bank Holiday Falls on a Weekend:

  • For holidays on Saturday, banks observe the holiday on Friday.
  • For holidays on Sunday, banks observe the holiday on Monday.

2026 U.S. Banking Holidays

Thursday, January 1 – New Year’s Day

Monday, January 19 – Martin Luther King Jr. Day

Monday, February 16 – Presidents Day

Monday, May 25 – Memorial Day

Friday, June 19 – Juneteenth

Saturday, July 4 – Independence Day

Monday, September 7 – Labor Day

Monday, October 12 – Columbus Day

Wednesday, November 11 – Veterans Day

Thursday, November 26 – Thanksgiving Day

Friday, December 25 – Christmas Day