--- title: What are Same Day ACH and Next Day ACH transfers and how do they process? description: Same Day and Next Day ACH are faster ways to send and receive ACH payments. They allow money to be transferred between bank accounts on the same business day or next business day, instead of the usual --- [Skip to content](https://help.panaceafinancial.com/what-are-same-day-ach-and-next-day-ach-and-how-to-process#main-content) English Show submenu for translations [Contact Us](https://help.panaceafinancial.com/kb-tickets/new?hsLang=en) [![Logo-150](https://help.panaceafinancial.com/hs-fs/hubfs/Logo-150.png?width=180&height=54&name=Logo-150.png)](https://panaceafinancial.com/) Open main navigation Close main navigation - English Show submenu for translations - [Contact Us](https://help.panaceafinancial.com/kb-tickets/new) How can we help? - There are no suggestions because the search field is empty. 1. [Help Site](https://help.panaceafinancial.com/?hsLang=en) 2. [Transfers and Payments](https://help.panaceafinancial.com/transfers-and-payments?hsLang=en) # What are Same Day ACH and Next Day ACH transfers and how do they process? **Same Day and Next Day ACH** are faster ways to send and receive ACH payments. They allow money to be transferred between bank accounts on the **same business day or next business day**, instead of the usual 2–3 days. ### Key Points: - Applies to external transfers (ACH) incoming and outgoing and Person to Person transfers. - Available Monday through Friday (excluding holidays). - Payments must be submitted by specific cutoff times in order to process accordingly. **Same Day Cutoff:  1p EST.  Next Day Cutoff: 5p EST.** - Often used for more urgent payments like payroll, vendor bills, or refunds, however not real-time.  Wire transfers remain the fastest way to move funds. **How to process?** **On the Web:**  (To see how to process on the mobile app click**[here](https://help.panaceafinancial.com/what-are-same-day-ach-and-next-day-ach-and-how-to-process#mobile)**) 1\. Click on the **Transfer Money** tab and select the **Transfer Type**. You can choose to:  - **Send Money :** to an external account at another financial institution. - **Withdraw Money:** send money to your Panacea account from an external account at another financial institution. - **Contacts:** send money to a person. (See how to add a contact by clicking**[here](https://help.panaceafinancial.com/how-can-i-add-a-new-contact-to-be-able-to-send-them-money?hsLang=en)**). ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-38-29%E2%80%AFPM-png.png?width=563&height=312&name=Screenshot%202025-06-26%20at%202-38-29%E2%80%AFPM-png.png)   2\. Select the account you want to send from and to. Click **Continue.** ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-46-40%E2%80%AFPM-png.png?width=571&height=324&name=Screenshot%202025-06-26%20at%202-46-40%E2%80%AFPM-png.png) 3\. Enter the amount, confirm the transfer date, agree to terms and conditions and click **Continue.**  **![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-47-46%E2%80%AFPM-png.png?width=455&height=402&name=Screenshot%202025-06-26%20at%202-47-46%E2%80%AFPM-png.png)** 4\.Review the information on the next screen. If everything looks correct, click **Continue.**  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-52-43%E2%80%AFPM-png.png?width=555&height=268&name=Screenshot%202025-06-26%20at%202-52-43%E2%80%AFPM-png.png) 5\. Complete the security check to verify your identity by sending a code to your phone or registered email address. Click **Continue**.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-55-18%E2%80%AFPM-png.png?width=331&height=264&name=Screenshot%202025-06-26%20at%202-55-18%E2%80%AFPM-png.png)   ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-56-13%E2%80%AFPM-png.png?width=329&height=269&name=Screenshot%202025-06-26%20at%202-56-13%E2%80%AFPM-png.png) 6\. A success message will confirm that the transfer has been scheduled.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-58-10%E2%80%AFPM-png.png?width=475&height=237&name=Screenshot%202025-06-26%20at%202-58-10%E2%80%AFPM-png.png) 7\. You will receive a confirmation email from **conciergedesk@panaceafinancial.com** and a notification through the mobile app.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%202-59-25%E2%80%AFPM-jpeg.jpeg?width=503&height=149&name=Screenshot%202025-06-26%20at%202-59-25%E2%80%AFPM-jpeg.jpeg) ![](https://help.panaceafinancial.com/hs-fs/hubfs/IMG_9695-jpg.jpeg?width=386&height=442&name=IMG_9695-jpg.jpeg) 8\. You will see the scheduled transfer under **My Finance \> Transfers**  **![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-03-24%E2%80%AFPM-png.png?width=537&height=309&name=Screenshot%202025-06-26%20at%203-03-24%E2%80%AFPM-png.png)** **The App:**  1\. Click on the **+** button \> **Transfer Money** and select **Transfer Type**. You can choose to:  - **Send Money :** to an external account at another financial institution. - **Withdraw Money:** send money to your Panacea account from an external account at another financial institution. - **Contacts:** send money to a person. (See how to add a contact by clicking **[here](https://help.panaceafinancial.com/how-can-i-add-a-new-contact-to-be-able-to-send-them-money?hsLang=en)**). ![](https://help.panaceafinancial.com/hs-fs/hubfs/IMG_9696-PNG.png?width=218&height=473&name=IMG_9696-PNG.png)  ![](https://help.panaceafinancial.com/hs-fs/hubfs/IMG_9697-PNG-1.png?width=219&height=476&name=IMG_9697-PNG-1.png). ![](https://help.panaceafinancial.com/hs-fs/hubfs/IMG_9698-PNG.png?width=219&height=476&name=IMG_9698-PNG.png) 2\. Select the account you want to send from and to.   ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-23-01%E2%80%AFPM-png.png?width=309&height=352&name=Screenshot%202025-06-26%20at%203-23-01%E2%80%AFPM-png.png)   ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-24-00%E2%80%AFPM-png.png?width=314&height=361&name=Screenshot%202025-06-26%20at%203-24-00%E2%80%AFPM-png.png) 3\. Enter the amount and click **Continue**. On the next screen confirm that all the information is correct, agree to the terms and conditions and click **Continue.**  **![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-29-16%E2%80%AFPM-png.png?width=315&height=469&name=Screenshot%202025-06-26%20at%203-29-16%E2%80%AFPM-png.png)     ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-30-52%E2%80%AFPM-png.png?width=224&height=473&name=Screenshot%202025-06-26%20at%203-30-52%E2%80%AFPM-png.png)** 4\. Complete the security check to verify your identity by sending a code to your phone or registered email address. Click **Continue**.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-50-36%E2%80%AFPM-png.png?width=294&height=320&name=Screenshot%202025-06-26%20at%203-50-36%E2%80%AFPM-png.png)   ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-51-41%E2%80%AFPM-png.png?width=279&height=311&name=Screenshot%202025-06-26%20at%203-51-41%E2%80%AFPM-png.png) 5\. A success message will appear. You will receive a confirmation email from **conciergedesk@panaceafinancial.com** and a notification through the mobile app.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/View%20recent%20photos-jpeg.jpeg?width=343&height=175&name=View%20recent%20photos-jpeg.jpeg) 6\. The scheduled transfer will appear under **My Finance**.  ![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-06-26%20at%203-55-04%E2%80%AFPM-jpeg.jpeg?width=220&height=478&name=Screenshot%202025-06-26%20at%203-55-04%E2%80%AFPM-jpeg.jpeg) - [Getting Started](https://help.panaceafinancial.com/getting-started?hsLang=en) - [Account Security](https://help.panaceafinancial.com/account-security?hsLang=en) - [Accounts and Transactions](https://help.panaceafinancial.com/accounts-and-transactions?hsLang=en) - [Transfers and Payments](https://help.panaceafinancial.com/transfers-and-payments?hsLang=en) - [Customer Support](https://help.panaceafinancial.com/customer-support?hsLang=en) - [Self-Service](https://help.panaceafinancial.com/self-service?hsLang=en) [![Logo-150](https://help.panaceafinancial.com/hs-fs/hubfs/Logo-150.png?width=180&height=54&name=Logo-150.png "Logo-150")](http://panaceafinancial.com) Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division. 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