A PESONet transfer typically takes within the same banking day if the transfer is made before the bank's cut-off time. The cut-off time varies by bank but is usually between 2:00 PM and 4:00 PM. If the transfer is done before this cut- off, the funds will arrive within a few hours or by the end of the banking day. Transfers made after the cut-off, on weekends, or on public holidays will be processed on the next business day, so it may take up to 1-2 banking days for the recipient to receive the money. PESONet is not an instant transfer service; it processes transfers in batches several times a day. In summary:

• Transfer before cut-off → funds arrive within same banking day (a few hours or by end of day).
• Transfer after cut-off or on weekends/holidays → processed next banking day, may take 1-2 banking days.
• Cut-off times vary but typically between 2:00 PM and 4:00 PM.
• PESONet is ideal for larger sums but not for instant transfers (InstaPay offers real-time transfers).

This batching process results in generally efficient transfers but not instant ones.