How Long Does A Domestic Wire Transfer Take?


Wire transfers have been around since as early as 1918. But thanks to technological advancements over the years, such as upgrades to the Swift banking system,transferring money onlinehas become more secure, convenient, and seamless.

Plus, you have options, such as choosing to use bank or wire transfer services. Depending on the method, you should expect different fees and processing time frames. Many people consider these factors when they wonder whether transaction fees may create a significant dent in their bank account balance. 

You can make international or domestic wire transfers. But since our focus in this article is on the latter, you may be wondering how long does a domestic wire transfer take?You can expect your domestic wire transfer to take an average of twenty-four hours, or even less. But the exact time frames differ based on the financial institution’s cut-off times, weekends, or holidays.

If you’re looking for info on other personal finance matters, such as “what percentage of my paycheck should I save?” check out the other articles on our blog. 

The Scoop On Domestic Wire Transfers

Domestic wire transfers are electronically based money transfers. These transfers allow you to move funds within the same country. You can transfer funds from one location to another or between accounts within the same bank. Of course, it’s a lot quicker if the accounts are at the same financial institution.

In some cases, banks can complete domestic wire transfers within hours. And the recipient doesn’t have to wait for the funds to clear before the withdrawal. The process can be even faster with a non-bank wire transfer institution,  with the transfer often being complete within minutes. 

Whatever the case, when you wire funds via a domestic wire transfer, note that you’re not transferring actual cash. That’s why the process happens pretty quickly because the financial institution can complete the transaction once it has the relevant recipients, including the amounts involved.

Factors That Affect Domestic Wire Transfers Processing Times

Domestic wire transfers will only happen quickly if all the proper details, checks, and balances are in place. That means there are a few factors that can cause delays or impact the processing time, as outlined below:

  • Cut-off times: Make sure you confirm the financial institution’s cut-off times before proceeding with your transfer, especially when processing an urgent transaction. If you submit your transfer request after the designated cut-off time, the bank will initiate it the following day.
  • Weekends and holidays: Most, if not all, financial institutions don’t process wire transfers on weekends or holidays. This means you might want to avoid making your transfer on a public holiday if you want it to go through quicker.
  • Bank transfer method: The type of bank transfer method used can also affect the turnaround time. For instance, banks that utilize the FedWire system often process transactions almost immediately. Other banks use the Clearing House Interbank Payment System (CHIPS) to process multiple transactions at a time. This system completes transactions in a matter of hours. 
  • Informational errors: Incorrect recipient details can hold up a wire transfer. That’s why it’s necessary to double, if not triple-check, the recipient details before submitting your transfer request. Make sure you have the correct name, account number, and routing number. 


Domestic wire transfers are the fastest way to move cash from one bank account to another. With bank transfers, you initiate the request in person or via online banking. You can expect the transfer to take 24 hours or less, all things being equal. The institution’s cut-off times, public holidays, and recipient detail errors are some of the reasons that may vary the processing time.

Content Disclaimer:
As of the date of publication, the information contained on this page is deemed to be factually accurate for all terms of conditions, features, and fees. Changes made to Cashero’s terms of conditions, features, or fees after the publication of this content may not be accounted for.

App Disclaimer:
The Cashero App is now available for download in both the Apple App Store and Google Play Store, though not all features are currently functional. Cashero has not yet officially launched.