Unlock Instant Transactions and Exceptional Efficiency with Immediate Payments

PAYMENT SERVICES

Instant Payments can help revolutionize your business operations, combining immediacy with reliability.

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Instant Payments means transactions are processed immediately, making funds available within seconds of initiation. And with 24/7/365 availability, your business can continue to move funds as needed, without constraints. 

Meet urgent payroll demands 24/7/365, ensuring that your employees are paid on time, even in unforeseen circumstances.

Effortlessly manage payment due dates to avoid penalties and capitalize on early payment discounts, even outside of regular business hours.

Provide swift insurance claim payments for enhanced customer satisfaction.

For domestic transactions, Instant Payments is a good alternative to wires. 

Simplify your decision-making process with M&T Bank Payables services.

We empower your business payments with security, efficiency, and effectiveness. Explore each solution's features and benefits to find the perfect fit for your business needs.

Transaction type

ACH

Same Day ACH

Wire Transfers

Instant Payments

Direct Deposit of Payroll

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Immediate Settlement

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Healthcare Payments

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Recurring Payment Processing

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Corporate Vendor Payments

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Electronic Tax Payments

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Child Support Payments

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Monthly Bill Collections

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International Transfers

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24/7/365 Processing

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Stay informed and discover tools that empower your treasury management journey.

Learn more about Real-Time Payments powered by RTP (Real-Time Payments) and access essential insights to enhance your financial operations. 

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Real-Time Payments in the Public Sector

Real-Time Payments (RTP) is the first new payment rail in forty years since the development of the ACH network. Supported through The Clearing House by M&T Bank, it has created the foundation for instant payments in the United States.

The Business Impact of Real-Time Payments (RTP)

Uncover the business impact of using Real-Time Payments and how they can give you transparency and accuracy in final settlements. 

Unlock the benefits of Instant Payments.

Start a conversation with one of our dedicated team members today to discuss your service needs and learn how you can unlock greater accuracy and efficiency with M&T Bank's personalized solutions. Call 1-800-724-2240 (Monday-Friday 8am-6pm ET) to speak with us or complete the form. 

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Frequently Asked Questions

Browse through our FAQ section for quick answers to common queries about how Instant Payments can streamline your business's financial operations.

Businesses may notice faster availability of their funds in their accounts and finality of the sent payment.

The funds are typically available within 15 seconds into the account as soon as humanity receives the payment instruction.

No. An Instant Payment cannot be cancelled when it is sent. However, a sender can request a return of funds. Please contact the service team at 1-800-724-2240 Monday through Friday 8 AM to 6 PM ET.

Creation of wire transfers and Instant Payments is similar in nature. However, Instant Payments network posting at the destination is faster as the payment is typically settled within 15 seconds. In addition, Instant Payments can be sent or received at any time of every day. Wires can be conducted for amounts greater than $1 million and can be sent domestically.

Instant Payments empowers organizations with control over their money movement and fosters transformative innovation. Key benefits include immediate availability of funds to the receiver, ensuring final and irrevocable payments, simplified payment initiation for bills and invoices, enhanced operational efficiency thanks to rich payment and remittance data, better cash flow management, and the capacity to initiate transactions at any time from existing accounts.

Instant Payments allows for a wide range of use cases, such as immediate vendor payments, quick-turn bill payments, instant consumer refunds or rebates, efficient payroll processing, emergency payouts (even outside regular business hours), time-sensitive disbursements, and simple domestic bank-to-bank account transfers. An evolving and important use case is Earned Wage Access, allowing workers daily access to funds.