Bolt follows industry standard practices for settlement and funding. The typical process takes approximately two days from order placement to availability, and works as follows:
- At 11:00 AM Pacific Time on each business day, Bolt settles all transactions that were captured the day prior with the card networks. Upon settle, funds are moved from your unsettled balance to your settled balance, and as a result are made ready for transfer to your bank account.
- At 1:00 PM Pacific Time on each business day, Bolt initiates a transfer of the funds that were settled at 11:00 AM that morning to your bank account. At this point, a list of all transactions included in the transfer can be exported for reconciliation using the instructions here.
- Most banks will post funds to your account within 24 business hours of when the transfer occurs. On occasion, banks may take 2-3 additional days to post funds.
Daily Settlement & Payout Schedule (All times Pacific Time)
|Day of Week||Transactions Settled and Transferred||New Funds Available*|
|Sunday||No Settlement||No New Funds Available|
|Monday||7:00 PM Thursday - 7:00 PM Sunday||7:00 PM Wednesday - 7:00 PM Thursday|
|Tuesday||7:00 PM Sunday - 7:00 PM Monday||7:00 PM Thursday - 7:00 PM Sunday|
|Wednesday||7:00 PM Monday - 7:00 PM Tuesday||7:00 PM Sunday - 7:00 PM Monday|
|Thursday||7:00 PM Tuesday - 7:00 PM Wednesday||7:00 PM Monday - 7:00 PM Tuesday|
|Friday||7:00 PM Wednesday - 7:00 PM Thursday||7:00 PM Tuesday - 7:00 PM Wednesday|
|Saturday||No Settlement||No New Funds Available|
*Based on a 24 hour time between when the bank receives the funds and when the bank posts the funds to your account. Funds availability may be faster or slower depending on your bank.