Visa, a global leader in digital payments, announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within one minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1.
Whether splitting a bill with friends, moving money between accounts, receiving an insurance claim payout or a worker accessing their earned wages, this change will ensure that funds are available in bank accounts within 1 minute or less, effective April 2025.
Visa Direct enables real-time2 money movement to eligible debit cards. Visa Direct reaches 99% of bank accounts in the US, and over 11 billion endpoints including cards, accounts and digital wallets around the world.
“Today, Visa Direct processes billions of real-time transactions in the US, across 50+ use cases, making it a preferred choice for consumers when receiving money from businesses or moving money between their accounts. This change underscores Visa’s commitment to accelerating real-time payments,” said Jim Filice – VP – Head of Real-time Payments, Visa Direct. “At Visa, we are constantly striving to innovate and provide the best possible money movement experiences, and this update will significantly enhance the speed and convenience, while maintaining strong security standards.”
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1Actual fund availability depends on U.S. receiving financial institution.
2Actual fund availability depends on receiving financial institution and region.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
