Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Faster Delivery of Funds Improves Experience for Cardholders and Empowers Businesses to Operate More Effectively

Media Contact
Andy Gerlt, Visa
Press@Visa.com

Visa, a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time¹.

Whether splitting a bill with friends, moving money between accounts, receiving an insurance claim payout or a worker accessing their earned wages, this change will ensure that funds are available in bank accounts within 1 minute or less, effective April 2025.

Visa Direct enables real-time² money movement to eligible debit cards. Visa Direct reaches 99% of bank accounts in the US, and over 11 billion endpoints including cards, accounts and digital wallets around the world.

“Today, Visa Direct processes billions of real-time transactions in the US, across 50+ use cases, making it a preferred choice for consumers when receiving money from businesses or moving money between their accounts. This change underscores Visa’s commitment to accelerating real-time payments,” said Jim Filice, VP, Head of Real-time Payments, Visa Direct. “At Visa, we are constantly striving to innovate and provide the best possible money movement experiences, and this update will significantly enhance the speed and convenience, while maintaining strong security standards.”

In addition to enhancing the cardholder’s experience, this update opens new avenues for businesses and governments to grow and thrive. With faster funds availability, organizations can enhance their operational efficiency, deliver better customer experiences, and foster trust among their clients. Whether it’s disbursing government benefits, processing healthcare payments, or handling tips in the service industry, the improved speed and reliability of money movement using Visa Direct empowers businesses and governments to operate in real-time more effectively.

“Faster payments are crucial for the modern economy, and this move by Visa is a significant step forward,” said Reed Luhtanen, Executive Director and CEO, U.S. Faster Payments Council (FPC). “Upgrading the U.S. payment system is essential for secure, near-immediate funds availability. The FPC promotes diverse perspectives and collaboration to address barriers to faster payments. Visa’s initiative sets an exemplary model for financial institutions to meet the demands for speed and efficiency.”

For more information on Visa Direct, visit: https://usa.visa.com/partner-with-us/payment-technology/visa-direct.html.

About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About the U.S. Faster Payments Council (FPC)
The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.

¹Actual fund availability depends on U.S. receiving financial institution.
²Actual fund availability depends on receiving financial institution and region.