Q: What are real-time payments?
The Clearing House's innovative Real-Time Payment network operates 24/7 allowing users to make instant payments anytime. NorthOne customers will be able to receive payments in seconds and have immediate access to those funds.
Q: How do I receive a real-time payment?
Anyone who banks with an institution with send capabilities on the Real-Time Payment network can send you a Real-Time Payment. Provide them with your routing and account number and the funds will be available to you within seconds of them being sent. For a list of institutions frequently used by NorthOne customers to receive instant transfers, click here.
Note: Some services that offer Real-Time Payment (such as Cash App) may have their own terms regarding transfers to business accounts. Always be sure to double check before sending an instant transfer.
Q: How do I know if I received a real-time payment?
Check the transaction feed in your NorthOne account for incoming deposits labeled ‘Real-Time Payment’.