> ## Documentation Index
> Fetch the complete documentation index at: https://docs.iron.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Payment Methods

> Supported payment rails and virtual accounts including SEPA, ACH, FedNow, Wire, and SWIFT. Several banking partners in the background provide redundancy and fallback.

Iron routes fiat payments across several banking partners behind one API. If a banking partner cannot process a payment for a specific customer or industry, Iron falls back to another. Redundancy is built in, so you never integrate a second banking provider.

## Payment Rails

The following table outlines our supported payment methods.

| **Payment Method** | **Description**                                                      | **Availability**                     |
| ------------------ | -------------------------------------------------------------------- | ------------------------------------ |
| **SEPA (Instant)** | Instant EEA transactions sub €100k                                   | ✅                                    |
| **SEPA (Credit)**  | Usually 24 hours for transactions greater than €100k                 | ✅                                    |
| **ACH**            | Common for domestic transfers within the US                          | ✅                                    |
| **Wire**           | Common for domestic transfers within the US                          | ✅                                    |
| **FedNow**         | Instant 24/7 domestic transfers within the US                        | ✅                                    |
| **Chaps**          | Common for domestic transfers within the UK                          | ✅                                    |
| **FPS**            | Common for domestic transfers within the UK                          | ✅                                    |
| **SWIFT Inbound**  | SWIFT Network payment from an external bank into the Virtual Account | ✅                                    |
| **SWIFT Outbound** | SWIFT Network payment outwards to an external fiat bank account      | ✅ Business (individuals coming soon) |

<Note>
  SWIFT is available in USD. Business customers can use SWIFT for deposits and payouts, for both first-party and third-party payments. Individual customers can receive both first-party and third-party SWIFT deposits. SWIFT payouts for individuals are coming soon.
</Note>

## Bank Cutoff Windows

| **Bank**             | **Rail**       | **Cutoff Time**                          | **Notes**                                                                                                                |
| -------------------- | -------------- | ---------------------------------------- | ------------------------------------------------------------------------------------------------------------------------ |
| **Lead Bank**        | Same-Day ACH   | Mon-Fri, 10:30 AM / 2:45 PM / 4:45 PM ET | Three daily windows aligned with FedACH. Submissions after cutoff are queued for the next window.                        |
| **Lead Bank**        | Wire (FedWire) | Mon-Fri, 4:00 PM CT                      | Wires submitted after cutoff are processed the next business day. Fedwire operates 8:00 PM CT (prior day) to 6:00 PM CT. |
| **Cross River Bank** | Same-Day ACH   | Mon-Fri, 10:00 AM / 1:00 PM / 4:00 PM ET | Three daily submission windows (morning, afternoon, evening).                                                            |
| **Cross River Bank** | Wire           | Mon-Fri, per partner agreement           | Wires received after your contractual cutoff are processed the next business day.                                        |

## Named Virtual Accounts

A virtual account is a FBO account at our banking partner/s in the name of the customer.

| **Tool**  | **Description**                                                                                                                                | **Availability** |
| --------- | ---------------------------------------------------------------------------------------------------------------------------------------------- | ---------------- |
| **VIBAN** | EU IBAN enabling localized payments as if using a traditional bank account.                                                                    | ✅                |
| **AN**    | US account and routing number for receiving domestic USD payments. USD virtual accounts also include SWIFT details for international deposits. | ✅                |

<Note>
  Virtual Accounts serve as payment target addresses and are not intended for holding funds permanently. These accounts work for first-party payment and third-party payment.
</Note>