Important: If your deposit date falls on a Saturday, Sunday, or a US bank holiday, you receive your funds the next business day.
After you close your batch, we submit your Automated Clearing House (ACH) transactions to ACHeck21, the processor that we use for ACH payment processing. ACHeck21 holds your funds for a set number of business days before they send the funds to your bank account. It takes one business day for ACHeck21 to release the funds, plus another business day for the funds to reach your account.
Our Underwriting Team determines how long ACHeck21 holds your funds based on the risk associated with your account, for example, if you run high-value transactions. For most accounts, the hold period is three business days. If you process higher-risk transactions, the hold period can be longer.
After we send the funds to your bank account, you can view the details of the funds that we sent on the ACHeck21 portal. For more information about how to view the details of the funds that we sent you, go to View your ACH deposits and withdrawals on the ACHeck21 portal.
Funding schedule example
The following example shows when you receive funds if you close your batch on Monday:
- You close your batch on Monday afternoon.
- We submit your ACH transactions to ACHeck21 for processing on Monday.
- ACHeck21 holds your funds for three business days from Tuesday to Thursday.
- ACHeck21 releases your funds on Friday.
- You receive your funds into your bank account the following Monday, which is the next business day.