Sweeps

Use the API or the Moov Dashboard to configure sweeps. A sweep automatically initiates daily transfers to external bank accounts on a set schedule. Enabling sweeps will either payout funds from a wallet or pull funds to cover fees and chargebacks.

You have the option to choose which payment method to use for processing sweeps - standard ACH, same-day ACH, instant bank credit, or RTP. While instant-bank-credit and rtp-credit both provide instant payments on the RTP rail, Moov strongly suggests using instant-bank-credit, which supports the RTP rail (FedNow support coming soon).

Push payment method Receive funds by
ach-credit-same-day 6 pm ET
ach-credit-standard 10 am ET (next day)
instant-bank-credit Instant (RTP)
rtp-credit Instant

See our sweeps documentation for more details.