The value date for BACS/ Instant Local Transfer/ACH withdrawals is in between same day and 2 business days, depending on the currency.
The receiving bank should credit funds on client's account in 24 to 48 hours from value date under normal circumstances.
For example, Instant Local Transfer/ACH withdrawals in SGD are released 2 business days after the request. Instant Local Transfer/ACH withdrawals in SGD should be credited to the receiving account within 4 business days of the request.
For more information on BACS, Instant Local Transfer and ACH withdrawals, see the Funding Reference Withdrawals page on our website.