Next-Day Payout Transfer Schedule

Money you collect in Podium will be transferred to your bank account on the next business day. That means, money collected before 12 AM (MDT) Monday through Thursday will be transferred to your account on the next day. The actual time of the transfer will depend on your bank. 

Money received before 12 AM (MDT) before Friday or over the weekend (Saturday and Sunday) will be transferred on Monday. The actual time of the transfer will depend on your bank. 

Note: All times mentioned are in Mountain Daylight Time (MDT).

Are there exceptions to the next-day payout schedule?

Next-day payouts do not apply to ACH transactions, which take 3 to 5 days to be transferred to your bank account. Also, next-day payouts do not apply to payments collected with Starter accounts, which take up to 7 days to be transferred to your bank account. 

How long does it take for the next-day payout schedule to begin?

The first payment you receive with Podium Payments will take up to 7 days to be transferred to your bank account. After this initial transfer, next-day payouts will begin and the money you collect each day will be transferred to your bank account on the next business day. 

What are cut-off times for next-day payouts?

  • Payments collected before 12 AM (MDT) Monday through Thursday will be transferred to your bank account on the next business day.
  • Payments collected before 12 AM (MDT) on Friday will be transferred to your bank account on Monday.
  • Payments collected after 12 AM (MDT) will be transferred to your bank account on the second business day.
  • Transfers are not sent on Saturdays or Sundays. 

What happens to payments that are received on Friday, on a holiday or over the weekend?

By default, we keep your Friday transfers in your balance over the weekend, so you can access your funds instantly if needed. Your funds will be transferred to your bank account on Monday (or Tuesday, if Monday is a bank holiday). The following tables below will help to illustrate the specific timings around payouts.

 

North America

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In the image above, you can tell that a payment successfully completed on Friday will be paid out on Monday. Payments received on Saturday and Sunday are deposited on Tuesday, as the one-business-day timer doesn't officially start until Monday morning.

 

Australia

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Australia payouts can be a bit more confusing as the cut-off time for a day is set Podium-wide. The image above helps to illustrate when a payout can be expected if paid inbetween the bands shown. These bands are at 4pm AEST every day.