I’ve never done a wire transfer before, but since I recently moved, I need to do it temporarily because it’s easier than driving 4 hours to my bank. I’m just doing this until I find a bank in my new city. The money is going to my Sofi account. How long does a transfer usually take? It was approved at 9am, and the money left my account by 11am, but it’s almost 2pm now, and it hasn’t reached my Sofi account yet. I’m a bit nervous since I’m new to this and don’t like having the money “floating” around.
Hello there, Review Processing Times: Wire transfers may take several hours to complete, depending on the bank. Same-day transfers are often finalized by the end of the business day, so it’s best to wait a little longer before becoming concerned.
Hello, I will recommend you verify Transfer Status with Both Banks: Reach out to your bank and Sofi to check the status of the transfer. They can confirm if the funds have been sent or are still pending on Sofi’s side.
Hey, Consider Weekends or Holidays: If today falls on a weekend or bank holiday, it might cause a delay in the transfer. Wire transfers usually don’t process during these times, which could explain the hold-up.
Hello Lenny, Ensure Transfer Details Are Correct: Double-check the account and routing numbers for accuracy. Any mistakes could delay the transfer or result in the funds being returned to your account.