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Processing time is the time required by your financial institution to process your request and transfer the amount to the payee. This time varies depending on the payee and the financial institution:

• If your financial institution recognizes the payee, the payment may be transfered electronically. In this case, the processing time is usually 2-3 business days.
• If your financial institution does not recognize the payee, then the payment is made by a paper check. In this case, the processing time may be 5-7 business days.

Note: Contact your financial institution for questions about processing time.