Cleared Payment

What is a cleared payment?

A cleared payment is one that has completed processing and the money is actually in your account and available to use. When a client pays by check, the payment hasn't cleared until the bank processes it and the funds are accessible. Credit card and electronic payments clear faster than checks, often within 1-3 business days.

Clearing times by payment type

How long clearing takes depends on the payment method:

• Credit/debit cards — Typically 1-3 business days
• ACH bank transfer — Usually 2-5 business days
• Checks — Often 2-5 business days, sometimes longer for large amounts
• Wire transfers — Usually same day or next day
• Cash — Immediate (but requires in-person exchange)

Why clearing status matters

Until a payment clears, you don't actually have the money. Checks can bounce, electronic payments can be reversed, and holds can delay access to funds. Don't count on money until it's cleared, especially for new clients or large amounts.