The time it takes for Discover to process a transfer depends on the type of transfer and the recipient.
Transferring Funds Between Discover Accounts
- Internal Transfers: Transfers between Discover accounts, such as from a Discover checking account to a Discover savings account, typically process within one business day.
- External Transfers: Transfers to accounts at other financial institutions, like a bank or credit union, usually take 3-5 business days.
Transferring Funds to Other Accounts
- ACH Transfers: These transfers use the Automated Clearing House (ACH) network and can take 1-3 business days to complete.
- Wire Transfers: These transfers are typically faster than ACH transfers and can be completed within 1-2 business days, depending on the receiving institution.
Remember that these are general timeframes and actual processing times may vary based on factors such as bank holidays, weekends, and the specific institutions involved.
For the most accurate information, consult Discover's website or contact their customer service department.
