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Loren, Attorney
Category: Legal
Satisfied Customers: 28523
Experience:  30 years experience representing clients.
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How long does it take for a wire transfer to be cleared in

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How long does it take for a wire transfer to be cleared in my account where I can draw on the funds? For example, if a company wires funds to my account when do the funds become clear and 100% available me where I can draw upon all of the wired amount?
Thank you for using JustAnswer. I am JudgeLaw and I will do whatever I can to answer your question and provide excellent service.

The transfer is available for withdrawal the same day as received. Some banks require that it be credited before 3:00 or it may not be available until the following day. Otherwise, it is virtually immediate.

I hope this is helpful. If you have more follow up questions please let me know. It is never a problem.

Thank you.


Customer: replied 3 years ago.

This is for a settlement agreement. Basically, I want once the funds of the wire transfer are cleared and I can draw upon them then the item in escrow will be transferred from my lawyer to other party. The other party has an issue of "when the funds are clear by my bank" and want the item in escrow transferred once the wire is sent. Again, I want once the wired funds are clear and can be drawn upon then the item in escrow will be transferred.


What do you advice and what type of language in the agreement do you think would be helpful?

You can say that once the funds "are fully credited to your account and available for withdrawal..."

It is not usually an issue with wire transfers since the funds are generally credited and available when received.

Thank you.

Customer: replied 3 years ago.

I am using for my bank.


Do you know if they have language on when a wire transfer is "fully credited to your account and available for withdrawal"


I am trying to be explicit here with the agreement and want to make sure it is "clear" before escrow transfer - I am asking you the expert because I have gotten different answers from people at the bank, hence trying to be explicit.

See the following link which shows Chase makes wired funds available the day of the transfer:

Thank you.

Customer: replied 3 years ago.

The link was invalid, please copy/paste again.
Did that link work?
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