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Old 05-19-2006, 07:38 AM  
Michael O
More Cowbell
 
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Join Date: Jul 2001
Location: Nakhom Nowhere
Posts: 10,607
Quote:
Originally Posted by minusonebit
I called in to see where my bank withdrawl was that I pushed out earlier this week, and thats what they tell me. When I asked for a reason, the parrot on the other end simply repeated herself "They no longer take three business days, they now take seven."

Hot damn, thats really slow. Now, correct me if I am wrong, but I am pretty sure that if you submit your batch files to your ACH processor with an effective date of the next day, then deposits move in one day provided both days are business days and provided the batch file is in before the cutoff time at the federal reserve.

So they just want to slow this down as much as possible. Unbeliveable. Who was the guy who is trying to launch a competiting site and when is he gonna have it up? I so cannot wait.

Our accounting department is working on speeding up the transfers by working with the ACH processor we use, the reason that you were told 7 days is that it can take up to 7 days before the transfer is completed.
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