Article Summary
This article explains River's holding period for bank transfers, which transactions are affected, how long it lasts, and that wires are exempt.
Please note that any bank transfer to River goes through a temporary holding period. This is a common practice to help protect both River and its clients from any potential loss of funds.
The holding period applies in the following scenarios:
- Bitcoin bought using a linked bank account will have a holding period
- Cash added to your River account using a linked bank account will also have a holding period
Holding periods are dependent on multiple factors including account and transaction history, payment activity, and payment method.
If you are eligible for instant withdrawal, you can access a portion of your funds before the holding period has cleared, up to a set limit. You can check whether you have instant withdrawal available by visiting 'Account limits' under 'Funding & Limits' in your account 'Settings.' For more information on how instant withdrawal works, please see this Help Center article.
Once your funds have cleared their respective holding period, cash and bitcoin associated with the transfer is available to be withdrawn from your River account.
When buying bitcoin, you will see the estimated date on which your funds will settle and be available for transfer. In some cases, only a portion of your purchased bitcoin will be available to withdraw while the remainder will become available in the following days. During the holding period, pending bitcoin and pending cash will be unavailable to withdraw from River. You can still buy and sell between your bitcoin and cash balances.
Please note that the holding period only applies to transactions funded with a linked bank account.