Why This Matters
Traditionally, sending money between accounts in the U.S. means using either ACH or Wires. That process can take a day or two before your own funds are available – slowing down cash flow and creating unnecessary delays.
With Intrabank transfers between Loop USD Accounts, that’s no longer the case. Funds move instantly between eligible USD accounts, so you and your recipients can access your money right away.
How It Works
When you move money between one Loop USD Account and another, our system recognizes both accounts as Loop customers and routes the payment internally - settling the funds instantly.
Use Cases for Customers
Multiple Businesses, One Customer
Many Loop customers operate more than one business entity using Loop. Now, if you need to move money between Loop USD Accounts, you can set up your other accounts as payees and transfer funds instantly. If your other accounts are already set up as payees, they will automatically be enrolled.
Loop to Loop Payments
Intrabank transfers also work when sending or receiving funds from other Loop customers. For example, if your supplier uses Loop and you send them a payment, they will also now receive your payment instantly.
In both cases, the experience is seamless. Once you’ve set up the payee, Loop automatically detects when the account details match another Loop US Dollar Operating Account, and the transfer happens instantly.
The Benefits
Speed: Immediate settlement – no waiting for ACH or Wire clearing times.
Certainty: Funds are available right away.
Efficiency: Easier to manage multiple businesses in one banking platform.
Getting Started
If you already have a Loop US Dollar Operating Account, you can begin using Intrabank transfers today. Simply add your other Loop Account – or your partner’s Loop Account – as a payee, and the system will take care of the rest.