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The timeline for receiving a deposit from Affirm in your bank account after capturing a charge is similar to a credit card payment timeline. Affirm works with multiple lending partners to originate our loans and they are the entities that disburse payments to your bank account. Our lending partners only send payment on business days when there is a positive settlement balance.
Timelines
The process runs according to Coordinated Universal Time (UTC). In the timeline below, we've included Pacific Daylight Time (PDT) as an example of how the schedule converts to a U.S. timezone.
You can view the different disbursement flows for settlement reports below:
One Originator Disbursement
One Originator Delayed Disbursement
Multiple Originators Disbursement
Multiple Originators Delayed Disbursement
- At the beginning of the day, at 03:05 UTC (7:05 PDT), we calculate the sum of all the previous day's charges (captures minus refunds) as the settlement total.
- If your total settlement balance is positive, then at 05:30 UTC (9:30 PDT), we mark the settlement payment for disbursement.
- At 21:30 UTC (13:30 PDT), our lending partners initiate an ACH transfer to your bank account for the settlement amount.
- On the following day, by 03:45 UTC (7:45 PDT), we generate and deliver to you the settlement report that contains all of the charge actions (capture, refund, disputed, etc.).
- Within 1 to 3 business days of initiating the ACH payment, your bank will receive the ACH transfer by 21:30 UTC (13:30 PDT) of that day.
Note that the settlement date referenced in your Merchant Dashboard is the date that the lending partner initiated the ACH transfer to your bank account. This date will not always correspond with the date that you receive funds in your bank account.
Note that, as part of our partnership with multiple lenders, you may now receive one or more daily deposits and see one or more Deposit IDs in your settlement reports for each day.
Business Days
Our lending partners only send payments on business days, Monday through Friday, except for the holidays noted below. All charges processed on Friday, Saturday, and Sunday are in the settlement payment disbursed on Monday. If Monday is a holiday, then charges processed on Friday, Saturday, Sunday, and Monday are in the settlement payment disbursed on Tuesday.
Holiday Schedule
|
Holiday |
2022 |
2023 |
2024 |
|
New Year's Day |
December 31, 2021* |
January 2 |
January 1 |
|
Martin Luther King Jr. Day |
January 17 |
January 16 |
January 15 |
|
Presidents' Day |
February 21 |
February 20 |
February 19 |
|
Memorial Day |
May 30 |
May 29 |
May 27 |
|
Juneteenth |
June 19 |
June 19th |
June 19th |
|
Independence Day |
July 4 |
July 4 |
July 4 |
|
Labor Day |
September 5 |
September 4 |
September 2 |
|
Columbus Day |
October 10 |
October 9 |
October 14 |
|
Veterans Day |
November 11 |
November 10 |
November 11 |
|
Thanksgiving |
November 24 |
November 23 |
November 28 |
|
Christmas |
December 26* |
December 25 |
December 25 |
Positive Settlement Balance
Our lending partners send payment only if your total settlement balance is positive. If your previous day's charges totaled a net positive settlement, but your overall balance is negative due to a significant number of refunds in the past, a payment will not be sent.