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Established Contributor
awdsmama
Posts: 755
Registered: ‎01-20-2012

Wow. Discover posted payment before taking it?!

[ Edited ]

I set up a payment to process this past Friday. I figured that given the time I set it up it probably wouldn't draft that day but at least I knew when it did post it would be dated for that day ;-)

 

I checked yesterday and the pmt hadn't posted to my It account yet (fine, I understand weekends are not business days).

 

I just checked this morning and the payment has posted to my Discover It card.

 

I checked online banking and they haven't drafted the money yet!  Assuming it will be out today though...

 

I guess I'm just suprised they would allow that to happen since my account is so new (1st statement cuts 3/6) so I don't have a proven payment record or anything.

 

Is this common practice?

 

 

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: Wow. Discover posted payment before taking it?!

Its the same with my discover account. Payment processes on my discover account after 24 hours but it takes 3 days for the money to be taken from my checking account
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: Wow. Discover posted payment before taking it?!

Just opposite for me...I have been waiting 3 days for a payment to post now!!!!! Ugggg

*8/10/13
Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

Re: Wow. Discover posted payment before taking it?!

it could be dependant by bank. 

like amex i can pay it online from their site, and it posts automatiically but the bank takes 1-3 days too show on my account, so i feel rich for a little bit. 

but walmart for example takes like 8 days to do anything (a little sarcasm)

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
thom02099
Posts: 1,317
Registered: ‎08-30-2011

Re: Wow. Discover posted payment before taking it?!

[ Edited ]

creditnocash wrote:

it could be dependant by bank. 

like amex i can pay it online from their site, and it posts automatiically but the bank takes 1-3 days too show on my account, so i feel rich for a little bit. 

but walmart for example takes like 8 days to do anything (a little sarcasm)


+1

Most of my cards post usually on the following day (even on weekends for AMEX) on my account, but may take several days to hit my bank.  I did the same as the OP on my CITI account, made a payment on Friday, it posted on my account with new balance on Saturday (but postdated to Friday), and hit my bank today.  Discover has always been very quick to update my account status on line, even though it may take a few days for that to hit my bank.  YMMV. 

AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 768 EQ = 828 TU = 834 - June/2014
Established Contributor
Pilotdude
Posts: 955
Registered: ‎02-02-2013

Re: Wow. Discover posted payment before taking it?!

This is routine for me.  Same with Capital One.  Almost everyting I make a payment they credit my available balance before it gets processed by my bank.  I bank at Chase FYI.

 

shrug.  I wouldn't want to know what happens if a payment were to get stopped by an account holder though. lol


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Contributor
Pworld
Posts: 113
Registered: ‎12-29-2008

Re: Wow. Discover posted payment before taking it?!

Yes, discover does this with me as well. I love it. Use to throw me off, now i just tell myself "wait for it...wait for it..." when looking at bank account. 

 

Chase does this immediately when i pay with my chase checking. 

2/2011=EQ: 590
11/2012=EQ: 683 (after 4 card app spree and reporting)
10/2013=EQ: 708 (reached my goal!! for 2013) EX(amex): 668 TU(Disc):680
Goal = 725 by 6/2014
Amex Zync/NPSL | Amex Green/NPSL | AMEX BCP/15k | Chase Freedom/2.2K | Best Buy/800 | Discover IT/6.4K | Citi HHonors Reserve/3K | Chase Hyatt/5k | Sapphire Preffered/5K
Frequent Contributor
koalablue
Posts: 336
Registered: ‎05-23-2012

Re: Wow. Discover posted payment before taking it?!

I'd say this is mostly dependent on what bank you have, but I'm not positive.  I pay from the Chase, Amex and Discover sites when I pay my credit card bills and it takes a few days for all of them to have the money withdrawn from my Wells Fargo account.

Moderator
09Lexie
Posts: 24,400
Registered: ‎09-13-2012

Re: Wow. Discover posted payment before taking it?!


Pworld wrote:

Yes, discover does this with me as well. I love it. Use to throw me off, now i just tell myself "wait for it...wait for it..." when looking at bank account. 

 

Chase does this immediately when i pay with my chase checking. 


Lol! I thought, I was the only one who said that!

 

I set up a pyt for Fri- got the email from Discover today saying my payment has posted for Friday and the money has been taken out of my CU

Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012

Re: Wow. Discover posted payment before taking it?!

This is the case with all of my credit cards.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)

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