> ## 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.

# Transaction status

> This document outlines how to interpret transaction statuses returned by Iron.

## Transaction Status Mapping

| **State Type** | **API Status**          | **Dashboard Status**       | **Description**                                                                                                                                                     |
| -------------- | ----------------------- | -------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Progress       | `FundsReviewInProgress` | **Reviewing Funds**        | The deposit has been received and is undergoing a brief compliance and eligibility check (e.g., AML screening). This status is rare and typically resolves quickly. |
| Progress       | `ConversionInProgress`  | **Exchanging Funds**       | The deposit has cleared review and is being converted to the configured destination asset.                                                                          |
| Progress       | `PayoutInProgress`      | **Processing Payout**      | Iron has sent the funds to the connected banking provider or blockchain. This step may take time depending on external networks.                                    |
| Terminal       | `Completed`             | **Transaction Complete**   | The funds have been fully processed and handed off to the destination. No further actions will occur.                                                               |
| Terminal       | `Failed`                | **Deposit Failed**         | The deposit or transfer failed due to a general processing error.                                                                                                   |
| Terminal       | `RejectedAml`           | **Rejected by Compliance** | The deposit failed AML or compliance checks and has been rejected.                                                                                                  |
| Terminal       | `RejectedFraud`         | **Rejected by Fraud**      | The deposit failed anti-fraud review and has been rejected.                                                                                                         |
| Terminal       | `RejectedMinAmount`     | **Deposit Below Minimum**  | The amount was too low to process and has been rejected.                                                                                                            |

## Settlement Times by Payment Method

The time it takes for a transaction to complete depends on the payment rail used. Below are typical settlement times from initiation to completion:

| **Payment Method** | **Typical Settlement Time** | **Notes**                                                                                                    |
| ------------------ | --------------------------- | ------------------------------------------------------------------------------------------------------------ |
| **SEPA (Instant)** | Near-instant to 10 seconds  | For transactions under €100k within the EEA                                                                  |
| **SEPA (Credit)**  | 1-2 business days           | Standard for transactions over €100k; usually settles within 24 hours                                        |
| **ACH**            | 2-3 business days           | Common for US domestic transfers; funds typically available on the third business day                        |
| **Wire**           | Same day to 1 business day  | Faster option for US domestic transfers; often completes within hours if initiated early in the business day |
| **Chaps**          | Same business day           | UK domestic transfers; must be initiated before the daily cutoff time                                        |
| **FPS**            | Near-instant to 2 hours     | UK Faster Payments; typically completes within minutes                                                       |

<Note>
  Settlement times are estimates based on typical payment rail processing. Actual times may vary depending on:

  * Banking partner processing schedules
  * Compliance and AML review requirements (see `FundsReviewInProgress` status)
  * Time of day and business day cutoffs
  * External network delays

  For real-time status updates, monitor the transaction status via the API or webhook notifications.
</Note>

## API Endpoint

**GET** `/api/autoramp-transactions/ids`

Use this endpoint to retrieve the latest status of specific transactions (up to 100 at a time). Useful for syncing or polling real-time transaction states. At least one transaction ID is required.

## Webhook Notifications

Refer to the [Iron Webhooks Guide](/webhooks) for status-based notifications.