If you are withdrawing funds to a bank account, the timing can vary for when you see the funds in your account based on the withdrawal method. You can expect to see your funds in: 1 business day for wire withdrawals and 2-3 business days for bank transfers (ACH).
Processed means BlockFi is working behind the scenes to complete your request. Once successful, your bank may take additional time to process your request. Please note: Funds transferred via Bank Transfer (ACH) cannot be withdrawn for the first 5 days from when the funds arrive in the account.