Speed is not a luxury. It is what determines whether school fees are paid on time, urgent bills get settled, or a business deal gets closed. When it comes to sending or receiving money across borders, delays can have real consequences.
This article explains how long Palremit transfers take, what factors affect the timing, and how users can ensure faster delivery.
Wallet Transfers (Palremit to Palremit)
Transfers between two verified Palremit users are processed instantly. Once the sender completes the transaction, the funds appear in the recipient’s wallet in real time. There are no delays, intermediaries, or waiting periods.
Bank Transfers
Palremit supports fast withdrawals to local and international bank accounts. Speed depends on destination, currency, and banking infrastructure.
1. Local Bank Transfers (e.g. NGN Withdrawals in Nigeria)
Withdrawals to Nigerian bank accounts are typically processed within seconds. Once the transaction is confirmed, most users receive the funds in their bank account almost immediately, provided the bank is supported and the account has been verified.
2. International Bank Transfers
Transfers to international bank accounts (outside Palremit’s instant settlement regions) take between one to five business days. Processing time depends on the destination country, currency, and bank processing speed.
USD Transfers and Compliance Checks
For large USD transactions or new users, additional compliance checks may apply. In these cases, transfers may take up to seven to fourteen business days. These checks are part of Palremit’s regulatory compliance requirements and exist to ensure the security of all transactions.
What Affects Transfer Speed?
Several factors can influence how quickly funds are delivered:
- Currency type: Some currencies, such as USD, may require stricter compliance review.
- Bank infrastructure: Delays may occur if the recipient’s bank has slower settlement systems.
- KYC verification: Transfers from or to unverified accounts may be paused for review.
- Transfer time: Transactions initiated outside business hours or on weekends may reflect on the next working day.
How to Ensure Faster Transfers
To avoid delays and get the fastest possible experience:
- Use wallet-to-wallet transfers when possible for instant delivery.
- Complete your KYC verification early to prevent compliance-related delays.
- Choose fixed-rate conversion to avoid FX-related timing issues.
- Send funds during business hours for faster processing through banks.
Why Users Choose Palremit
Palremit combines instant wallet transfers with real-time local bank withdrawals, making it one of the fastest ways to move money across borders. The platform also provides full visibility into your transfer status, clear timelines, and dedicated support when needed.
Whether you are sending money to another Palremit user, funding a local bank account, or withdrawing international earnings, you benefit from speed, security, and clarity.
Final Thoughts
Palremit gives users reliable control over their money. Knowing these timelines helps users plan better and avoid delays when managing cross-border payments.
Ready to send or receive money?
Create your Palremit account and experience fast, secure transfers wherever you are.
