ACH processing and deposit timelines
When ACH (eCheck) payments process and when the funds are deposited.
- When adding transactions, the start date that you enter is day 3.
- After we process the transaction, we cannot remove it from the file or stop it from being routed on.
- Unless otherwise noted, you count business days only.
| Day | Transaction activity | Reporting |
|---|---|---|
| Day 1 | Vanco processes transactions at 3 PM Central Time each business day. After the transactions process, they are sent via file to the FED and routed on to the account holder's financial institution. The transaction cannot be stopped after Day 1 at 3 PM Central Time. | You receive your ACH Deposit or Fund Detail Report on this day. |
| Day 2 | The transaction is now at the account holder's financial institution but it does not post to their account until day 3. You can also process transactions this day to post the following day. | You receive reports on this day only if you process transactions for settlement on day 3. |
| Day 3 | The transaction posts to both the account holder's and your organization's account. | No reporting this day. |
| Day 4 | Financial Institutions have the ability to return the transaction for reasons such as Insufficient Funds, Account Closed, Pay Stop, and so on. | If you have returns, you receive a Returns Report on this day and we debit your account the following business day. |
| Day 5 | Financial Institutions have the ability to return the transaction for reasons such as Insufficient Funds, Account Closed, Pay Stop, and so on. | If you have returns, you receive a Returns Report on this day and we debit your account the following business day. |
| Day 6-63 (calendar days) | Financial Institutions have the ability to return the transaction as either Not Authorized or Revoked. (This applies to consumer accounts and not business accounts.) | If you have a late return, we generate a Returns Report on this day and we debit your account the following business day. |