Cash flow is essential for running a business. Till understands what it means to you and offers 2 funding cycle options to cater to your business needs: Same Day Funding and Next Day Funding. On this page, you will learn about the expected funding timings based on the funding cycle you signed up for.
What is the difference between Same Day Funding and Next Day Funding?
Timing is the biggest difference. Next Day Funding cycle allows Till a longer lead time to transfer your funding, while you will get the funding within hours after settlement with Same Day Funding cycle. See below for a detailed explanation of the difference.
Same Day Funding: If you settle before the official cut-off time of day*, the funding will be transferred to your bank account by close of business. Otherwise, the funding will be available on the next day. Same-day funding is processed 7 days a week unless otherwise notified to you in advance.
Next Day Funding: If you settle before the official cut-off time of day*, the funding will be transferred to your bank account on the next business day. Otherwise, the funding will be available after 2 business days. If the funding day falls on a weekend, a New South Wales public holiday or a bank holiday, the funding will be available the next business day.
*Till official cut-off time: In-person payment (8:25PMAEST each day), Online payment (6:00PMAEST each day)
How can I know which day the funding will be transferred to my account?
The tables below show the expected funding day corresponding to your business settlement time.
Online payment expected funding schedule
|
Business Settlement Time |
"Same Day Funding" |
"Next Day Funding" |
|
Expected "Funding" Time |
||
|
Between 6:01pm Sunday AEST to 6:00pm Monday AEST |
Monday |
Tuesday |
|
Between 6:01pm Monday AEST to 6:00pm Tuesday AEST |
Tuesday |
Wednesday |
|
Between 6:01pm Tuesday AEST to 6:00pm Wednesday AEST |
Wednesday |
Thursday |
|
Between 6:01pm Wednesday AEST to 6:00pm Thursday AEST |
Thursday |
Friday |
|
Between 6:01pm Thursday AEST to 6:00pm Friday AEST |
Friday |
Monday |
|
Between 6:01pm Friday AEST to 6:00pm Saturday AEST |
Saturday |
Monday |
|
Between 6:01pm Saturday AEST to 6:00pm Sunday AEST |
Sunday |
Monday |
In-person payment expected funding schedule
|
Business Settlement Time |
"Same Day Funding" |
"Next Day Funding" |
|
Expected "Funding" Time |
||
|
Between 8:26pm Sunday AEST to 8:25pm Monday AEST |
Monday |
Tuesday |
|
Between 8:26pm Monday AEST to 8:25pm Tuesday AEST |
Tuesday |
Wednesday |
|
Between 8:26pm Tuesday AEST to 8:25pm Wednesday AEST |
Wednesday |
Thursday |
|
Between 8:26pm Wednesday AEST to 8:25pm Thursday AEST |
Thursday |
Friday |
|
Between 8:26pm Thursday AEST to 8:25pm Friday AEST |
Friday |
Monday |
|
Between 8:26pm Friday AEST to 8:25pm Saturday AEST |
Saturday |
Monday |
|
Between 8:26pm Saturday AEST to 8:25pm Sunday AEST |
Sunday |
Monday |
How can I find out which funding cycle I signed up for?
You can find that information on your Till Merchant Portal. The Live Merchant tab under the Merchant section will provide information regarding your funding cycle option at Till.
Which cut-off time should I follow if I have both in-person and online payments with Till?
There will be 2 cut-off times if you possess both payment types with Till. The official cut-off time for in-person payment is 8:25 PM AEST and 6:00 PM AEST for online payment each day.
What can I do if I want to switch funding cycle plans?
Please complete the request form here if you wish to switch the funding cycle plan from Next Day to Same Day or vice versa. Additional costs might be incurred.
