Transaction timelines on the Raisin platform

Your Cash Account makes it easy to move money to, from, and within the Raisin platform and allows you to transfer funds between products faster than ever.

We want to ensure that you have full visibility and are always able to calculate the day your money will arrive at its destination so that you’re able to time your transactions on the Raisin platform accordingly.

You will always be informed of expected processing times when you are initiating any transaction on the Raisin platform.

To best understand how timing can impact transactions, there are three main factors to take into account:

We’ve created a quick look guide for you to see the cut-off times for each type of transaction you can make on the Raisin platform. Transactions initiated before these times will be completed on the next business day. Transactions initiated after these times will be completed in two business days.

As a reminder, financial transactions are not processed on weekends or on federal holidays.

Take a look below to see examples of money movements to, from, and within the Raisin platform to better understand these transfer timelines.

Money movements within the Raisin platform

• Withdrawal from savings product to Cash Account
• Deposit from Cash Account to savings product
• Transferring funds between products via Cash Account
• Transfer between individual and joint Cash Accounts

Money movements to and from your external account

• Deposit from external account to product
• Withdrawal from savings product to external account
• Transfer in from external account to Cash Account
• Transfer out from Cash Account to external account

Here’s an example of a standard withdrawal or CD cancellation from a product on the Raisin platform to your Cash Account initiated before 3:30 p.m. ET on a Monday.

In this scenario, the withdrawal is completed on the next business day, Tuesday. If the withdrawal had been initiated after 3:30 p.m., funds would not have been available in your Cash Account until the following business day, Wednesday.

Once those funds are available in your Cash Account, you are then able to either initiate deposits to other products on the platform or make a transfer out of the Raisin platform.

If you have a CD that you've set to close at maturity, funds will be available in your Cash Account by the maturity date of your CD.

Here’s an example of a standard deposit from your Cash Account to a product on the Raisin platform initiated before 11:59 p.m. ET on a Monday.

In this scenario, the deposit is completed on the next business day, Tuesday. If the deposit had been initiated after 11:59 p.m. ET (for instance, at 10:00 p.m. PT on Monday), funds would not have have arrived to your product until Wednesday.

You can easily use your Cash Account to serve as a hub account as you transfer funds between products.

Let’s take a look at two examples of this type of transaction: one with the shortest possible timeline and one with a longer timeline.

Shortest timeline

In this example, we take a look at the shortest possible timeline to transfer funds between products. Here, we’re assuming there are no existing funds in the Cash Account.

If you initiate the withdrawal from your origin product to your Cash Account before 3:30 p.m. ET on a Monday, those funds will be available in your Cash Account on Tuesday. If you initiate a deposit of those funds to a new product before 11:59 p.m. ET that Tuesday, these funds will arrive in the destination product and start earning interest on Wednesday. In this scenario, your funds would arrive at their destination 2 business days after the initial withdrawal.

Longer timeline

In this example, we take a look at a longer possible timeline to transfer funds between products, assuming redeposit is initiated on the same day funds arrive in your Cash Account.

If you initiate the withdrawal after 3:30 p.m. ET, on Wednesday, these funds will arrive in your Cash Account on Friday. If you initiate a deposit from your Cash Account to the destination product before 11:59 p.m. ET that Friday, these funds will arrive in the destination product and start earning interest 3 business days after the withdrawal was made.

In the above timeline, the transaction straddles a weekend. This means that transaction processing would not occur on Saturday or Sunday. In this longest possible timeline, funds would arrive in the destination product on Monday.

Here’s an example of a standard transfer between individual and joint Cash Accounts initiated at any time (in this case, on a Monday). Transfers between individual and joint Cash Accounts are completed immediately and funds are available to either initiate a deposit to a product on the Raisin platform or transfer out to your external account.

Here’s an example of a standard deposit from external account to product initiated before 3:30 p.m. ET on a Monday.

In this scenario, the transaction is completed and the deposit is opened on the next business day, Tuesday. If the deposit had been initiated after 3:30 p.m. ET, funds would not have arrived to your product until Wednesday.

Please note, there is a standard hold of two business days on all deposits from external accounts into the Raisin platform during which funds cannot be withdrawn.

Your Cash Account is the hub of money flow to, from, and within the Raisin platform. As such, it serves as the destination for all withdrawals you make from products on the Raisin platform. Once funds are in your Cash Account, you can then transfer funds out to your external account.

Let’s take a look at two examples of this type of transaction: one with the shortest possible timeline and one with a longer timeline.

Shortest timeline

In this example, we take a look at the shortest possible timeline to withdraw funds from a savings account on the Raisin platform to your external account.

If you initiate the withdrawal from your origin product to your Cash Account before 3:30 p.m. ET on a Monday, those funds will be available in your Cash Account on Tuesday. If you initiate a transfer out of those funds to your external account before 3:30 p.m. ET that Tuesday, these funds will arrive in your external account on Wednesday. In this scenario, your funds would arrive at their destination 2 business days after the initial withdrawal.

Longer timeline

In this example, we take a look at a longer possible timeline to withdraw funds from a savings account to your external account, assuming the transfer out is initiated on the same day funds arrive in your Cash Account.

If you initiate the withdrawal after 3:30 p.m. ET, on Wednesday, these funds will arrive in your Cash Account on Friday. If you initiate a transfer out from your Cash Account to your external account before 3:30 p.m. ET that Friday, these funds will arrive in your external account 3 business days after the initial withdrawal.

In the above timeline, the transaction straddles a weekend. This means that transaction processing would not occur on Saturday or Sunday. In this longer timeline, funds would arrive in the destination product on Monday.

Here’s an example of a standard transfer in to the Raisin platform from your external account to your Cash Account initiated before 3:30 p.m. ET on a Monday.

In this scenario, the transfer is completed on the next business day, Tuesday. If the transfer had been initiated after 3:30 p.m. ET, funds would not have arrived until the following business day, Wednesday.

Please note, there is a standard hold of two business days on all transfers from external accounts into the Raisin platform during which funds cannot be withdrawn.

Here’s an example of a standard transfer out of the Raisin platform from your Cash Account to your external account initiated before 3:30 p.m. ET on a Monday.

In this scenario, the transfer out is completed on the next business day, Tuesday. If the transfer out had been initiated after 3:30 p.m. ET, funds would not have arrived until the following business day, Wednesday.