Funded Payments
If you are approved to fund your payments using the Funded Payments method, follow these steps and consider Ripple's expected operating schedule as outlined in the following sections.
Prerequisites
No universal prerequisites currently exist for using the Funded Payments method. Contact your Ripple liaison to find out if there are any prerequisites specific to your funding activities.
Deposit fiat funds
To make a fiat deposit, submit your payment to Ripple's designated bank account using either ACH or wire transfer. Contact your Ripple liaison to obtain Ripple's deposit instructions, including:
- Name
- Address
- Bank name
- Bank account number
- Bank routing number
Note
ACH transfers may take longer than wire transfers to reach Ripple.
Your activity statement shows any deposits Ripple receives from you. This statement also shows your prepaid balance. For more information on when deposits are processed, see Expected operating schedule. The net fiat balance in your Ripple Payments account is the amount of fiat currency available for use.
Expected operating schedule
We expect to process fiat payment deposits according to the following operating schedule.
Note:
The schedule below is shared for informational purposes and subject to change at Ripple's discretion at any time and without notice. Ripple isn't responsible for any transaction delays - see your Ripple Payments Direct contract for more details. We encourage you to initiate your payments in accordance with your bank's schedule to help ensure timely processing.
Weekdays
On weekdays, deposits are expected to be processed as follows:
| Payment day | Payment receipt at Ripple's bank (UTC time) | Expected processing schedule (UTC) |
|---|---|---|
| Monday - Friday | before 6 PM | Processed and made available for use by 8:30 PM the same day |
| Monday - Friday | between 6 PM and 10 PM | Processed and made available for use by 11:30 PM the same day |
| Monday - Thursday | after 10 PM | Processed and made available for use by 6:30 PM the next day |
| Friday | after 10 PM | See weekend schedule below |
Weekends and holidays
On weekends and holidays, deposits are expected to be processed as follows:
| Payment day | Payment receipt at Ripple's bank (UTC time) | Expected processing schedule (UTC) |
|---|---|---|
| Friday | after 10 PM | Processed and made available for use by 6:30 PM the following Monday |
| Saturday and Sunday | Anytime | Processed and made available for use by 6:30 PM the following Monday |
| Holiday | Anytime | Processed and made available for use by 6:30 PM the following business day |
Deposit Stablecoin funds
To make a stablecoin deposit, first confirm with your Ripple liaison whether the stablecoin and chain you want to use are supported. If both the stablecoin and chain are supported, Ripple will provide you with a wallet address to which you can send the stablecoin funds.
When you make a stablecoin deposit, it will be processed in near real-time, subject to Ripple's standard checks.
Request refunds
To request a refund of your balance, contact your Ripple liaison.