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Payment and Transfer Timing

Benchmarks for how long it takes to transfer funds to and from Velocity Global Contractor Management

Updated over 2 weeks ago

Whether you're sending or receiving payments, adding funds to your Wingspan Wallet, or transferring funds in your Tax Withholding account, sending the time for a deposit can vary. The chart below provides time frames for completing different types of transactions.

Invoice Payout Timing

The table below covers the expected timeline of receiving a payout after your invoice has moved into the deposited status. Business days exclude weekends and holidays.

Receiving Method

Delivery Time (From Deposited)

Bank Account

1 - 2 Business Days

International Bank Account

3 - 5 Business Days

Wingspan Wallet

One Business Day

Instant Payout

Same Day

Wingspan Wallet and Tax Withholding Transfer Timing

Direction

Wingspan Wallet transfers

Tax Withholding transfers

Out of VGCM

1 - 2 Business Days

1 - 2 Business Days

Into VGCM

3 - 5 Business Days

3 - 5 Business Days

My invoice says deposited, but I don’t see it in my bank account.

We mark an invoice as deposited when we send the transfer to your bank, the day that happens is considered the “deposit date.” Then it might take a day for your bank to post the funds in your account.

Sometimes a transfer can be delayed a day or two, but we wait to get this information back from the bank. Waiting one or two business days usually resolves the issue.

If you have any questions about deposit timeframes, please don't hesitate to contact our support team at [email protected]

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