When will my transfer post?
On business days, an internal transfer will post on the same day if it is initiated by the cutoff time for same day processing. Otherwise, the transfer will post on the next business day. The same day processing deadline and availability of funds vary by type of transfer, as listed in the table below.
| Tip: | Several types of alerts are available to keep you informed about the status of your transfers. For more information, see What types of alerts can I receive? |
| Type of transfer | Cutoff time for same day processing | When transfers are processed and account balances are updated |
| ACH transfer | 3 p.m. CST |
If you initiate the transfer before 3 p.m., the transfer will be posted the next business day. If you initiate the transaction between 3 p.m. and 12 midnight, the transfer is posted in two business days (today's date plus two business days). When you transfer money to another institution via ACH, your account balance is updated the business day before the settlement date. When you initiate an ACH credit, your account balance is updated on the settlement date. |
| Wire transfer | 4 p.m. CST |
If submitted by 4 p.m. CST, wire transfers are processed the same day. If the transfer is submitted after 4 p.m., it will be processed on the next business day. On the Financial Summary, the account balance is immediately updated when you request a wire transfer. |
| Transfer between deposit accounts | 7 p.m. CST |
Transfers before 7 p.m. CST on business days are processed when requested. The available balances for both accounts are immediately updated when you request the transfer. Transfers requested on non-business days or after 7 p.m. CST will be processed the next business day. The available balances for both accounts are updated by approximately 6 a.m. CST the next day. Transfers impacting a Northern Line account are reflected immediately on the Financial Summary. They are not reflected in all Northern Line balances on the Profile until the next business day, typically by 6 a.m. CST. |
| Payment from banking deposit accounts to loan accounts | 7 p.m. CST |
Transfers before 7 p.m.
CST on business days are processed when requested. The available balance
for the deposit account is immediately updated when you request
the transfer. Loan balances are also immediately updated, except
for Illinois accounts, which are updated
the next day, typically by 6 a.m. CST. |
| Advances on credit line accounts to banking deposit accounts | 7 p.m. CST |
Transfers before 7 p.m.
CST on business days are processed when requested. The available balance
for the banking deposit account is immediately updated when you request
the transfer. The loan account balance is updated the next business
day, typically by
6 a.m. CST. |
| Northern Funds purchases, exchanges, or redemptions |
3 p.m. CST for Equity and Fixed Income Funds 1 p.m. CST for Money Market Funds |
Transactions occur the same business
day if the transfer request is made before 3 p.m. CST for Equity and Fixed
Income Funds, and before 1 p.m. CST for Money Market Funds. Transactions
received on
non-business days or after cutoff times will be processed the next business
day. The balances for both accounts will be updated the next day, typically by 6 a.m. CST. |
| Transfers to or from Brokerage linked accounts | 12 noon CST |
These transfers are processed in the evening each business day. |
| Scheduled or recurring transfers | N/A | These transfers are processed at approximately 4 a.m. CST on the specified date. If the specified date is a non-business day, the transfer will be processed on the previous business day. |
