# Transfers

### When and how do you receive your funds in your bank account?

If you receive a payment, we will send you notification email and/or SMS as well as display the payment as a Received Payment Transaction in your Transactions History. 

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**All payments received are deposited in your iPay Balance on a T+1 basis (less any applicable Fees as per our Fee Schedule), where T is the transaction date.** 
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Your received funds in your iPay Balance can be transferred to your designated bank account based on your account type and upon your request. 

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Alternatively, you can use our **PayOut/Send Money** function to disburse payments to your suppliers or vendors via mobile money or **pay your bills** and **top-up airtime** instantly. 
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You can initiate a transfer request at any time on a business day by clicking the “**Transfer Funds**“ button in your iPay Dashboard. When your request is processed, you will receive a Funds Transfer Report via Email and/or SMS. 

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Transfers to your account may normally register in your bank account within **48hours**. You can always check on the status of your transfer in your iPay Dashboard.
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### Are there any transfer limits?

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You may only request **one transfer per business day**. 

We process only a **minimum transfer of GHS 200**. If your collected funds are less than this minimum, it shall remain pending transfer until your transactions reach the minimum GHS 200 limit.
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