the power to do business in real time

U.S. Real-Time Payments (RTP®) brings visibility and 24/7 availability

Immediately send and receive payments using the first new clearing system in the U.S. in more than 40 years. Real-Time Payments can help transform how you transact, making business easier with anytime availability, sender and receiver notifications and enhanced messaging.1

How it works


  • Funds are transferred within 15 seconds
  • Payments are final
  • Flexible messaging, using ISO 20022
  • Faster, easier receivables reconciliation
  • 24/7/365 availability

Ways to use

  • Immediate supplier payments
  • Emergency disbursements
  • Payroll for hourly employees
  • Customer billing and dispute resolution
  • Many other uses


Learn more about benefits, use cases and how to start using Real-Time Payments.

To learn more about Real-Time Payments, speak to your BofA representative.

1Services will be rolled out gradually through 2019 and 2020. Please contact your BofA representative for details.