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ACH Push CC Payment Timeframe? (Update)

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Anonymous
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Re: ACH Push CC Payment Timeframe?


@NRB525 wrote:
Back before electronic auto payment was popular, with my large debt amounts my typical payment pattern was:
1) receive paper CC statement in the mail.
2) immediately write paper check for my intended payment amount
3) stamp and drop payment in the mail next day. Even if the payment was not due for 3 weeks, I knew it was covered. Old school push payments.

OP, I’m guessing this will work out OK, and I appreciate your sharing your details and thoughts about how you are going about this. Autopay from the CC side, and initiating pull payments ( after the charge has posted to the CC ) throughout the month is something to consider.

Thank you, I can't stand knowing I owe someone something, I've always been one to pay ASAP no matter how much time I have. I do have autopay setup to PIF on anything I do miss or rolls before I can initiate pay myself. I had plans to simply do pull every Monday and only push if I had a somewhat larger charge I knew I was going to do (since I know some CCs, especially Synch, like to flag and hold payments if they're >$500). This was pretty much just a test push payment, but I butterfinger'd an extra zero on it, so instead of being change, it was a little more robust of a payment, but not horrible.

Message 31 of 33
Anonymous
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Re: ACH Push CC Payment Timeframe?

UPDATE! I got an email from my bank "Your online bill payment referenced below has been returned for the reason mentioned. The funds have been credited back to your account"

 

"Payee: Chase Credit Card

Payment Date: 02/27/19

Reason for return: Payee returned payment"

 

So apparenly a typo was likely my culprit and Chase returned it since it didn't reference any account. Also, re-reading back through the FAQ page on my bank's bill pay states "If your payment was sent electronically or has been cashed by the payee, a stop payment request cannot be processed." Indeed, the CSR confirmed it was an e-payment. So they couldn't have done a stop payment to spook Chase. I have the payment back in my bank account, and as a test, dropped a charge on my Chase card without issue. Time to redo that bill pay entry and send a tiny test payment, this time NOT accidentally tacking on an extra zero. Smiley Very Happy

Message 32 of 33
Anonymous
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Re: ACH Push CC Payment Timeframe?

Update 2: Test payment posted 3rd day on the dot, on a Saturday no less. Update on Discover too, despite it saying 5 day lead with paper check, it posted in 3 days as well. Thanks all for your info and support.
Message 33 of 33
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