How do next business day (aka “next-biz day) transfers work?

A next-biz day transfer is processed via ACH transfer. ACH transfers are like sending digital mail: when a next-biz day transfer request is made by an individual, the bank packages up all the requests and ACH operators then send funds at the same time to receiving banks, multiple times a day. The receiving bank needs to accept the funds within the business day and ensure the individual is paid by the next business day.

Next-biz day transfers are sent to bank accounts which are linked within the Fortuna app.