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Why are 'electronic transactions'...
so slow? I had an ach processed on the 2nd of Feb. and it hasn't reached my checking account yet. Also why, if it is an electronic transaction, don't they ever appear in your account on a Sunday?
Anybody know the answer? Thanks. Rich |
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There's a graphic on page; http://www.nacha.org/About/what_is_ach_.htm that shows the process. And here are the 'rules' http://ebt.nacha.org/docs/Chapter_6.pdf
"Example 2: Transactions performed after Thursday Business Day cut-off time and before Sunday cut-off time shall be settled to Acquirers on Monday Business Day)." Hope that helped. |
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Thanks for the info Lojo.
I just wish the debit card would be as quick with on-line casino's as it is with the local super market or gasoline station. Usually when I make a purchase using my debit card at one of these types of stores, the transaction will be posted on my checking account before I get home.
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Quote:
__________________
New - Las Vegas Site & Forum |
| The Following User Says Thank You to winbig For This Useful Post: | ||
Richtree7 (13th February 2007) | ||
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