When are my transactions going to deposit?
Standard ACH Funding Times
All ACH transactions following the industry standard for funding times
3 Day Funding
Initiation Day: |
Refers to all transactions processed prior to 4pm est. Begins the following business day if after the cutoff or on a weekend or holiday. Status is Posted |
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Funding Day 1: |
The day the transaction has been submitted and is in process. This is also known as the Effective Date. Status is Posted |
Funding Day 2: |
The transaction is in process. Status is Posted |
Funding Day 3: |
The day the deposit is settled to the bank. Status is Settled |
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Once deposit arrives at the bank, many banking computer systems delay deposit up to 24 hours to the individual bank account |
5 Day Funding
Initiation Day: |
Refers to all transactions processed prior to 5:30pm EST. Begins the following business day if after the cutoff or on a weekend or holiday. Status is Posted |
|---|---|
Funding Day 1: |
The day the transaction has been submitted and is in process. This is also known as the Effective Date. Status is Posted |
Funding Day 2: |
The transaction is in process. Status is Posted |
Funding Day 3: |
The transaction is in process. Status is Posted |
Funding Day 4: |
The day the deposit is settled to the bank. Status is Settled |
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Once deposit arrives at the bank, many banking computer systems delay deposit up to 24 hours to the individual bank account |
Standard Credit Card Funding Times
Initiation Day: |
Refers to all transactions processed prior to the batch closing. Begins the following business day if after the cutoff or on a weekend or holiday. Authorization request appears on customer's bank statement. Status is Authorized |
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Funding Day 1: |
Charge appears on customer's bank statement. Status is Posted |
Funding Day 2: |
For Visa/MasterCard transactions, the funds have been posted to the bank. Status is Settled |
Funding Day 3: |
For Discover/Amex, the funds have been posted to the bank. Status is Settled |
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Once deposit arrives at the bank, many banking computer systems delay deposit up to 24 hours to the individual bank account |
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