How long of a lag can there be between a company and a bank when making a payment where the company says that they got the payment and bank hasn't withdrawn the amount?

posted by ScorpioGlitch on Whatever

We're not talking a few dollars here, we're talking a few grand. Making a large e-check payment to a company, they sent me an email saying "We got your payment" and all online metrics show that they did (lower balance, last pay date, etc) while the bank doesn't show the withdrawal (not even a "pending transaction").

I don't suppose maybe someone screwed up and I got a "free" 8 grand payment applied to my account??? Because that would be very sweet.

4 comments

[–] [Deleted] 1 points (+1|-0)

That happened with me when i first opened an account and deposited cheques. I assume its to build up a trust with you.

If youre really anxious about it, just phone up your bank. I memorized the processing times for all my bank accounts.

[–] ScorpioGlitch [OP] 0 points (+0|-0)

Not really anxious... more like... excited. If they bork it and the money goes nowhere, that's a buttload of money That gets to sit in my account, drawing interest, maybe reapplied to debt or something.

How long of a lag can there be between a company and a bank when making a payment where the company says that they got the payment and bank hasn't withdrawn the amount?

4 comments

/s/Whatever