ACH Push CC Payment Timeframe? (Update)

[Anonymous]

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@Anonymous wrote:

Yeah Sync didn’t post my push payment until today but my bank automatically moved my payment delivery date to today when I scheduled it on Thursday evening, debiting my account for it yesterday. 

Push payments are kind of nerve wracking, I have been loathing having to make my payments as pull for my Sync accounts but I might just have to start doing it and keep push for emergencies. 

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Thinking I will likely do push payments if I intend to do large purchases that will run my uti up preemptively. Or, if a ln AU makes a purchase, push when they pay me. At least Synch was timely (as timely as 3 days is, but still) vs Chase... Kinda jittery that I might have typo'd my chase account on bill pay, and of course security stars keep me from actually checking.

[Anonymous]

Yeah I will keep doing push payments since I actually pay my bills before the statement generates anyway, that gives me plenty of time. 

If you are worried you entered it wrong, contact your bank. They can see the account numbers in the bill pay department (although it may be through a third party vendor). 

[Dilbert934]

I was under the impression that a 0% util reported by the CRAs can be a bad thing in some cases, and that it's best to let some small balance be reported.

[Anonymous]

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@Dilbert934 wrote:

I was under the impression that a 0% util reported by the CRAs can be a bad thing in some cases, and that it's best to let some small balance be reported.

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0% only hurts if all cards report 0%. It helps if all cards report 0% except for one card between 1%-8%

[UpperNwGuy]

Absolutely do a pull instead of a push if you're in a hurry.  

I don't believe in AZEO, but my advice to those who practice AZEO would be:  don't have pending transactions in the days leading up to the statement closing date. You should stagger the due dates on your cards.  Then rotate your cards so you don't have to use them in the days immediately before their statements close.

[Anonymous]

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@Anonymous wrote:

Yeah I will keep doing push payments since I actually pay my bills before the statement generates anyway, that gives me plenty of time. 

If you are worried you entered it wrong, contact your bank. They can see the account numbers in the bill pay department (although it may be through a third party vendor). 

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As expected, whole lotta nothin' for calling. My bank apparently CAN'T see the account number to verify it was sent to the proper account. They can only see the last four digits like I can. They did say, however, that their e-payments are 2 business days, so this is well over their processing. They suggested I contact Chase, as it's completely done on their end, then open a dispute. Contacted chase, their automated system and all was clear, then when I got a rep, their voice was extremely choppy and could barely understand them. Naturally all I got from them was they don't see any payments on their end, but they transfered me to the CC department to 'track down' the payment, just to have someone else tell me they can only help with payments made via their portal, and I should open a dispute with my bank. Well... Opened a dispute with my bank, so we'll see what happens!

Place your bets!

1: Is it a system problem? My bank says it was sent and processed last Friday morning. Chase knows nothing about it, limbo?

2: Is it user error? Did I happen to typo it somewhere in the mystical **** part of the account number that nobody can see?

3: Did the e-pidgeon get lost and will eventually show up?

Cast your votes now, you have until my bank emails or calls me back.

[Kforce]

Pushing payments from most Banks-Credit Unions, that use ACH transfers for the payments, take between 1-4 business days. From my CU to Barclay's = 1, CU to (BoW, Citi, Discover, Fnbo) = 2, CU to (US-Bank) = 3, CU to CU = 4.  It varies depending on both sending Bank/CU and receiving Bank/CU, some are just faster and others a day or two behind.

Same holds true for Pulls, 1-4 days. Many CC issuers as a service give instant credit however the real transfer is still a couple days out, and subject to the money being there. If trying to control utilization just be sure to send it early

[Kforce]

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@Anonymous wrote:

Cast your votes now, you have until my bank emails or calls me back.

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My bet, both will clear and be shown tomorrow !

[Anonymous]

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@Kforce wrote:

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@Anonymous wrote:

Cast your votes now, you have until my bank emails or calls me back.

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My bet, both will clear and be shown tomorrow !

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That's what I'm hoping for. I can handle a slow payment as long as I know the length of time. Just a bit jittery that my bank says it should have posted already, and the other one saying they have no idea what I'm talking about. Once I know the system works, I can feel better. Like Synch, I sent it a day after Chase, but it already posted and cleared. I have a feeling it's going to end up being a typo or something on my end.

[FinStar]

IMO, it sounds like this was a bit premature to open a dispute given the ACH settlement timeframes can really vary for a variety of payments for different institutions.

I could see going the research or escalation route if your payment had exceeded >5 business days (excluding weekends) if the payment had not been credited/posted to the Chase account. Often times, getting "jittery" on things too early in the process or prematurely, especially if new/unfamiliar with the bill pay service, can open another can of worms. Just my .02¢.