POLi conducts payments via your bank automatically, so it's able to reliably notify Swyftx that a transfer has been sent. This enables us to instantly approve and credit your account with the deposit, even though we won't actually receive your funds to our bank account for up-to 1 business day following the transfer. For this reason, Swyftx will, for a short period of time until the deposit has cleared on our end, limit your withdrawal capabilities in the amount of this deposit until we receive confirmation of your funds clearing to our bank account.
How long will it take my deposit to clear?
POLi deposits are credited and tradable within a minute, however due to the nature of the deposit method, the funds will be locked from withdrawals until the deposit clears. POLi deposits typically clear in 3-6 business hours, and will at most take 1 business day.
Please note, as this is a transfer during business hours, Saturday and Sunday are not business days and as such this one will come through on Monday if deposited over the weekend.
If you have any further questions relating to your POLi deposit, please don't hesitate to contact us via live-chat.