Real-time payments are always on and available 24/7, giving you the flexibility that ACH and wire transfers can’t. Funds are authorized, transferred, settled and available in real time, even outside of regular business hours. And your corporate credit cards can be used instantly, versus waiting hours (or even days).
Real-Time Payments
Faster payments to keep your business moving
Get instant access to your corporate credit card program’s spending power.
Complete control over your working capital.
Unlike ACH or wire transfers, real-time payments settle in seconds, giving you more flexibility with your cash flow management. Not only can you fund your U.S. Bank corporate credit card program or free up your available balance in real time, but your cards can be used instantly for additional business purchases.
An innovative payment solution
Timely and secure payments are critical for organizations looking to maximize the working capital benefits of their corporate credit card program. Because of this, we’re always looking at new technologies that impact the way money moves.
Recent innovations are making payments easier and frictionless. Through our partnership with The Clearing House, we’re the first bank to leverage the RTP® network to fund your card program or pay down your balance immediately, 24/7.
Uncover the advantages of real-time payments
Instant
Payments post to your U.S. Bank corporate credit card account within seconds, freeing up funds immediately whenever you need them for additional purchases.
Control
Real-time payments are always on and available 24/7, giving you greater control over your cash flow and helping you manage your working capital more effectively.
Visibility
Integrated information flows allow you to readily track payment status and upload reports to your accounts payable system.
Certainty
Once a payment is submitted, it’s considered final and cannot be revoked or recalled.
Secure
Payments travel on the RTP network and move directly from your bank account to U.S. Bank.
Cost effective
Reduced processing times and a lack of costly wire fees save your organization both time and money.
Easy and simple to use
Seamlessly fund your corporate card program or pay down your balance through U.S. Bank SinglePoint® or any financial institution participating in the RTP network.
Learn how Mediaspace benefited from the ease and simplicity of real-time payments by listening to Season 4, Episode 1 of the Payments Nerds podcast from The Clearing House.
Real-time payments in action
See how U.S. Bank client Dave Wolf, owner of United States Tower Services, benefited from using real-time payments in conjunction with his corporate credit card program.
Frequently asked questions
No. Real-time payments can only be used to fund corporate billed card programs at this time.
You can initiate real-time payments through U.S. Bank SinglePoint®. Review our quick start guide and overview on how to find your unique ID. If you’re not a U.S. Bank Treasury customer, contact your financial institution to see if your bank offers real-time payments.
Yes. Your vendors’ bank must be able to accept real-time payments.
No, your organization can initiate payments from their existing accounts.
Yes. If real-time payments originate from an external financial institution, The Clearing House imposes a $1 million limit per transaction. U.S. Bank Treasury clients, however, can send real-time payments up to $10 million per transaction. There are no other restrictions. Contact your Treasury Management Consultant to set up expanded limits.
U.S. Bank charges $0.75 per payment and there are no monthly fees. If submitting real-time payments from an external financial institution, contact your banker for pricing.
No. At this time, real-time payments can only be sent in the U.S.
Current Treasury Management clients should contact their Treasury Management Consultant (TMC). If you don't know the name of your TMC, email us and we'll make sure to route your information to your TMC.
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