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0 pointsorf2y ago0 comments

No I’m genuinely asking. You get paid at the end of the month, but it actually arrives in your bank 4 or 5 days later?

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jrmg2y ago

Yes. Or the entity doing the payment initiates it a few days earlier to ensure timely arrival.

ACH is generally overnight. I don't know the internals, but if I get paid on Friday, I actually get the money in my account on Friday. Perhaps they actually send it a day or two early.

relativ5752y ago

No. In my case it'd be same days (15th and 1st) as paydays, or earlier if the payday falls in the weekend or holidays.

j / k navigate · click thread line to collapse

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jrmg2y ago

Yes. Or the entity doing the payment initiates it a few days earlier to ensure timely arrival.

Spoom2y ago

ACH is generally overnight. I don't know the internals, but if I get paid on Friday, I actually get the money in my account on Friday. Perhaps they actually send it a day or two early.

relativ5752y ago

No. In my case it'd be same days (15th and 1st) as paydays, or earlier if the payday falls in the weekend or holidays.

j / k navigate · click thread line to collapse