Real-Time Payments
Real-time payments (RTP) are electronic payment systems that enable instant fund transfers of up to $10 million per payment between bank accounts 24 hours a day, seven days a week, 365 days a year. These systems empower users to receive payments instantly, usually within seconds, unlike traditional methods like checks or ACH transfers, which can take several days to process.
What are Real-Time Payments?
Real-Time Payment (RTP) enables consumers, businesses (public and non-public) to instantly send and receive funds 24/7/365.1
Can Real-Time Payments be used on weekends, holidays or after business hours?
Yes. Real-Time Payments are available 24/7/365.1
How do I receive a Real-Time Payment?
All Western Alliance Bank checking, savings and money market accounts are eligible to receive Real-Time Payments. You don’t need to take any special action to set up RTP.
How do I send a Real-Time Payment?
The ability to send Real-Time Payments from a Western Alliance Bank Account is not currently available. Sending RTP transactions is targeted for 2026.
Are there transaction limits?
The Clearing House has set a transaction limit of $10 million per payment.
Can I opt out of Receiving Real-Time Payments?
Yes. You can opt out of receiving Real-Time Payments. Please contact Client Care at (888) 995-2265 for more information.
Learn More Today
For more information, please contact your Relationship Manager or Client Care at (888) 995-2265.
Contact Us1. RTP deposits received after 8pm PST will post to the account the following business day for interest rate and balance computation for applicable interest-bearing deposit accounts. RTP deposits will be available on the day Bank receives the deposits. Once the funds are available, they can be withdrawn. Please refer to the applicable disclosures provided at account opening and Deposit Account Agreement Disclosure for other terms and conditions.