Real‑Time Payments (RTP®) – Receive‑only

Real‑Time Payments (RTP®)

What it is
RTP® from The Clearing House is the U.S. instant‑payment rail that clears and settles funds in seconds, 24 × 7 × 365. Thinkwise CU is enrolled as a receive‑only participant, so members can accept—but not yet send—RTP credits.

How incoming RTP works

  1. A business, employer, or another financial institution sends an RTP credit using your routing and account number.

  2. The Clearing House settles the payment instantly; settlement is final and irrevocable.

  3. Thinkwise CU posts the funds to your account and notifies you right away—no batch files, no waiting.

Example
Your insurance company processes a $350 premium refund at 11:43 PM on a Saturday. Because it travels over the RTP network, the money appears in your checking account within seconds—ready for use before Monday morning.

Key benefits for members

  • Immediate availability, even on nights, weekends, and federal holidays.

  • Payments are final—no returns or holds.

  • Automatic posting means no “pending” status and no manual back‑office reconciliation.

  • Being “receive‑only” puts Thinkwise on the rail today and positions us for future outbound RTP and FedNow services.

What you can’t do (yet):
• Send outbound RTP payments
• Initiate Request‑for‑Payment (RFP) messages

No enrollment is required—anyone who knows your routing and account number can send you an RTP credit, up to network limits set by the sender’s institution (typically ≤ $100 K per transaction).

Questions? Contact us at myaccount@thinkwisecu.org or call 909‑882‑2911.