Payouts & wallet
Same-Day ACH for every deposit and withdrawal—see Fed cutoffs, wallet timing, and bank delivery in plain language.
Debits · bank to wallet
Every deposit is sent as Same-Day ACH. The Federal Reserve only accepts these files on business days and on a fixed schedule—so when you submit matters. Submit before 1:45 PM Eastern and your ACH settles at the Fed that same business day. Submit after the cutoff (or on a weekend/holiday) and settlement rolls to the next business day. Wallet funds are then available two business days after Fed settlement, typically at 9:00 AM Eastern.
Monday · 10:30 AM Eastern
You start a deposit (ACH debit)
Your request is before the 1:45 PM Eastern Same-Day cutoff, so it can reach the Federal Reserve today.
Monday · Fed settlement
Same business day at the ACH network
The debit settles at the Fed on Monday. Your bank may still contest the payment during the return window.
Wednesday · 9:00 AM Eastern
Funds in your CAN wallet
Two business days after Fed settlement, cleared funds credit your wallet (Monday → Wednesday).
What if you miss the cutoff?
A deposit started Monday at 2:00 PM Eastern misses the 1:45 PM window. Fed settlement moves to Tuesday, and wallet funds typically arrive Thursday at 9:00 AM Eastern—still two business days after settlement.
Same-Day ACH deposits only. Fed cutoff: 1:45 PM Eastern.
Same-Day ACH deposit (bank → wallet)
Cutoff is evaluated in Eastern Time (1:45 PM Eastern).
After 1:45 PM Eastern, Fed settlement is the next business day (not today).
Federal Reserve settlement
Friday, November 13, 2026
CAN wallet available (est.)
Tuesday, November 17, 2026 · ~9:00 AM ET
We only use Same-Day ACH for deposits. If your request is submitted before 1:45 PM Eastern on a business day, the ACH settles at the Federal Reserve that same day; otherwise settlement is the next business day. After settlement, banks may still return the ACH for up to two business days—funds typically credit your CAN wallet two business days after Fed settlement at 9:00 AM Eastern.
Deposits use Same-Day ACH only. Wallet credit is typically 9:00 AM Eastern, two business days after Fed settlement. Weekends and federal bank holidays are not business days.
Active deposit
Same-Day ACH deposit (bank → wallet) · Ref CAN-DEMO-001
Amount
$250.00
Step 1 · Complete
Your Same-Day ACH deposit request is submitted through The College Athlete Network.
Step 2 · In progress
The debit settles at the Federal Reserve (same business day if before the cutoff). Banks may still return the ACH during the standard return period.
Step 3
After two business days from Fed settlement, cleared funds credit your wallet (typically 9:00 AM Eastern).
Submitted
Nov 14, 2026, 2:22 AM
Est. wallet credit
Fri, Nov 13, 2026 · ~9:00 AM ET
Credits · wallet to bank
When you send money from your CAN wallet to a linked bank account, we use Same-Day ACH. Timing depends on the same 1:45 PM Eastern Fed cutoff as deposits.
On a business day, withdrawals submitted before the cutoff should reach your bank account by the end of the same business day (subject to your bank's posting rules).
Requests after the cutoff, or on weekends and federal holidays, are processed on the next business day and should arrive by the end of that day.
Your receiving bank (RDFI) controls when posted funds show as available in your app or balance. If a push is delayed after our submission, contact your bank with your transfer reference from the member portal.
An ACH return is a message from your bank (the receiving institution) saying an ACH payment that was started cannot be completed. Returns are normal parts of ACH risk controls—especially on debits pulled from your bank into your wallet. There are dozens of standardized return reason codes (R01–R85); the bank picks the code that best describes the problem.
While a return is pending, funds will not stay in your wallet. That is why deposits credit two business days after Fed settlement—the network allows time for returns such as insufficient funds or unauthorized debits to arrive.
Networks and processors track return rates (administrative, unauthorized, and overall). High return rates can limit an app's ability to send ACH. Help keep returns low by linking an active checking account, confirming balances before debits, and updating bank details if you change accounts.
| Code | Reason | What it means |
|---|---|---|
| R01 | Insufficient funds | The linked account did not have enough balance to cover the debit. |
| R02 | Account closed | The bank reported that the account is no longer open. |
| R03 | Account not found | The account number could not be located at the receiving bank. |
| R04 | Invalid account number | The account number format is invalid. |
| R05 / R07 / R10 | Unauthorized debit | The account holder or bank indicates the payment was not authorized. |
| R09 | Uncollected funds | Funds exist but are not yet available to settle the debit. |
If a deposit fails, check your member portal for the transfer status and message. Update your linked account or contact support if you see a return you do not recognize.
Plain-language answers for athletes and coaches.
Our team can look up your transfer in the member portal or help you confirm bank linking.
Contact support