I did a push payment via my bank's bill pay last Wednesday, Feb 27th to Chase and Thursday, Feb 28th to Synchrony. Both instantly deducted my checking account the respective (small, but not $1) payments. After that, there's been no other progress, naturally the bank shows and says it's all a done deal. They were both done about 9AM.
[Insert a call from US Bank's fraud department here to verify my phone number is mine. 
Thanks US Bank, I was typing a forum post.]
Absolutely nothing shows on either Chase or Synchrony, I know it "typically" is 1-3 business days and I'm at that 3 day mark on Chase already, but what has been the timeframe experience from others here? Specifically Chase and Synchrony (PayPal CB MC). Trying not to be paranoid, but I've never used the bill pay system so it's all new to me. What would happen if I had typoed one of the account numbers as well? Would it be returned/refunded timely or would I have to call it in and do a stop-payment? (Fairly sure I didn't but information is always good)
@Anonymous wrote:I did a push payment via my bank's bill pay last Wednesday, Feb 27th to Chase and Thursday, Feb 28th to Synchrony. Both instantly deducted my checking account the respective (small, but not $1) payments. After that, there's been no other progress, naturally the bank shows and says it's all a done deal. They were both done about 9AM.
[Insert a call from US Bank's fraud department here to verify my phone number is mine.
Absolutely nothing shows on either Chase or Synchrony, I know it "typically" is 1-3 business days and I'm at that 3 day mark on Chase already, but what has been the timeframe experience from others here? Specifically Chase and Synchrony (PayPal CB MC). Trying not to be paranoid, but I've never used the bill pay system so it's all new to me. What would happen if I had typoed one of the account numbers as well? Would it be returned/refunded timely or would I have to call it in and do a stop-payment? (Fairly sure I didn't but information is always good)
The title of your post references "ACH push" while the body of your post refers to "bill pay". Those are two different payment methods. ACH payments do often take 3 days. My local credit union delays two days before they push the payment by ACH. I don't know if that is a fraud prevention meausre. Online bill pay times vary by provider and whom the payment is being sent to. Sometimes it is instanteous and shows up the next day, but in other cases they may actually mail out a paper check and it can take 3-4 days before you see the payment posted.
You got caught by the intervening weekend. You should see the payments post as received tomorrow.
As to what happens if you make a type and overpay? Well, you should get a credit after alerting them to the error, but how quickly that happens can vary. Here is a news story from my local news where such a typo resulted no credit being issued for months until the TV stations consumer advocate got involved on her behalf. https://kutv.com/news/get-gephardt/oops-typo-costs-riverton-woman-thousands-of-dollars
@rbentley wrote:If I was facing a due date crunch I would do a "pull" from the payee account. Those are usually marked as done the same day. Push payments can take longer and are not considered as paid until received.
Yeah, every pull payment I've done has posted next day generally and I know they mark as paid same day. I was just seeing the real timeframe for push payments to get around the whole "You can't pay more than your current balance" just to keep a couple cards from reporting balances. Discover did that to me today, gave me the "You cannot make a payment right now, you have a 0 balance" with pending charges yesterday. Today they rolled the charges, then issued the statement, and reported those charges instead of 0. I actually pulled the payment this morning before they even emailed me the statement, or Experian reporting a 'change' to my account (first statement, added the discover account + charges). Nothing major, just 2% uti, but still, trying to AZEO I have auto-PIF just incase I ever miss anything.
@FinStar wrote:
I suppose it depends on the bill payer timeframe for each payee. Since you were paying (pushing) these from US Bank to both Chase and SYNCB respectively, what did it say would be the actual date for paying these 2?
Depending on how they were set up from your end via US Bank, some payments can generally post within the next business day, others could take 2-3 business days and those that normally can't be processed via ACH would generally be processed/paid in about 5 business days.
Did you take a screenshot as a means of reference?
I have experienced this with RBFCU. It is driving me away from using there ACH system. And that they will not let you set up external bank accounts for future use...you have to enter the routing and account number each time you want to do an external ACH. They seem to want to make ACH use as inconvenient as possible...ughhh.