All payments made before 2:59 PM Monday-Friday EST are batched out on the same day the payments are initiated. Payments made after 3:00 PM will be batched the following business day.
Friday payments made after 3:00 PM are batched on the following Monday evening along with all payments made on Saturday, Sunday and Monday. Essentially all payments made on Friday night after 3:00 PM, and payments made on Saturday, Sunday and Monday are batched together on Monday night. The exceptions to these rules are bank holidays.
With this formula, here is a breakdown of when you will receive funds for a payment. Please add an extra day for American Express payments.
- Monday payments are deposited Thursday
- Tuesday payments are deposited Friday
- Wednesday payments are deposited Monday
- Thursday payments are deposited on Tuesday
- Friday payments are deposited Wednesday
- Saturday/Sunday payments are deposited Thursday