What is Fincra's settlement schedule

Modified on Fri, 24 Mar 2023 at 10:47 AM

Settlement times vary depending on where your business is located and whether it is a local or international payment. See table below for Fincra's settlement schedule:


Product

Currency

Settlement SLA


Wallet Funding

NGN

Instant Settlement

EUR

Instant Settlement

GBP

Instant Settlement

USD

Instant Settlement


Product

Currency

Destination Currency

Settlement SLA




Conversion

NGN

EUR/GBP/USD

Same day

EUR

NGN

Same day

EUR

GBP/USD

Same day

GBP

EUR/USD

Same day

USD

NGN

Same day

USD

EUR/GBP

Same day


Conversion done before 5pm (GMT) will be settled the same day, conversions done after 5pm (GMT) will be settled at 9am next day.


Product

Currency

Destination Currency

Settlement SLA




Payout

NGN

NGN

Instant Settlement

NGN

EUR/GBP/USA

Same day

EUR

NGN/GBP/USD

Same day

EUR

GHS/KES

Same day

GBP

NGN/USD/GHS/KES

Same day

USD

NGN/USD/GHS/KES

T+1


T = the day a transaction or payment was completed. (+ Number of Days i.e 1 ) - refers to the number of days it will take you to receive your payment.*


Please note that weekends and public holidays don't count for T+ settlements, as bank services are not available during this period.

Fincra Allowed Settlement Countries

Nigeria, Ghana, Kenya, South Africa, Uganda, Tanzania, the United Kingdom, USA, Turkey, Israel, Austria, Belgium, Bulgaria, Croatia, the Republic of Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Europe.

Fincra Prohibited Settlement Countries

Afghanistan, The Bahamas, Botswana, Bosnia and Herzegovina, Ethiopia, Guyana, Iraq, Lao, PDR, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Yemen, Vanuatu, Democratic People's Republic of Korea (DPRK), Iran, Central African Republic, Congo, Lebanon, Libya, Mali, Jordan, Nicaragua, North Korea, Russia, Somalia, Sudan, Syria, Ukraine, Venezuela.


Find our about how to trace your settled transactions here or contact us at support@fincra.com if you have further questions.

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