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What are the usual processing timelines for each deposit method?

Updated this week

Deposit crediting times vary depending on the method used.

📘 Let’s define some terms:

  • Banking day: Monday to Friday, except for legal holidays

  • Calendar day: Monday to Sunday, including legal holidays

Deposit Method

Estimated Crediting Time

Notes

Online Transfers:
- InstaPay
- UnionBank-to-UnionBank

In-person:
- Cash (UnionBank Over-The-Counter)

Provided all deposit details are correctly logged, your deposit will be credited accordingly:

A. Weekdays, 8:00 AM – 6:00 PM (PHT):

  • Within 30 minutes of logging

B. Beyond 6:00 PM (PHT), Weekends, and Holidays:

  • Within 8 hours of logging

These are the fastest methods to fund your NextPay account.

PESONet

A. Deposited before 3:00 PM (PHT):

  • Same banking day, within banking hours.

B. Deposited after 3:00 PM (PHT):

  • Next banking day, within banking hours.

Reference: Unionbank PESONet Settlement Advisory (August 1, 2024)

Real-Time Gross Settlement (RTGS)

While RTGS aims for real-time processing, not all banks process these transactions at the same speed.

In some cases, the processing times may resemble those of PESONET, which may take 1-3 banking days to reach NextPay’s bank account.

Wire Transfers,

Check Deposits

1–3 banking days, depending on the sending bank's standard clearing times.

⚠️ Check clearing is not available on weekends and holidays (non-banking days).

These methods may take longer due to the bank’s clearing process.

Our team monitors the clearance and will credit your account once the funds are available.

NOTE: Please note that the funds transfer crediting schedule outlined above is for your guidance only. Actual crediting times will depend on the receiving bank's internal processes and policies.

📌 IMPORTANT NOTE: NextPay cannot independently speed up the processing of your deposit into the bank itself. This depends greatly on how and when you deposit your funds into the bank.

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