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Q: ACH Checks ( No Answer,   1 Comment )
Question  
Subject: ACH Checks
Category: Business and Money > Small Businesses
Asked by: roberttwt-ga
List Price: $50.00
Posted: 24 Aug 2003 07:19 PDT
Expires: 23 Sep 2003 07:19 PDT
Question ID: 248170
Google experts, what ACH check processing service on the internet
processes checks the fastest--shortest amount of time from when check
recieve to when funds cleared? Thanks for your time.

Clarification of Question by roberttwt-ga on 24 Aug 2003 07:23 PDT
Also a service that features a service where you can log in and check
which checks have gone through, and such would be very nice -- similar
to http://www.selectpayment.com/
Answer  
There is no answer at this time.

Comments  
Subject: Re: ACH Checks
From: missy-ga on 24 Aug 2003 19:21 PDT
 
Hello Robert,

The length of time required for an ACH check to clear depends on a
number of factors, including the underwriting policies of both the
sending and receiving banks, and traffic through the ACH system
itself.  (ACH transactions processed just before or just after a
Federal holiday are a little slower.)

Most ACH transfers are completed within 72 hours, some take slightly
longer.  To the best of my knowledge, the fastest any such payment
will clear is 72 hours.

This answer explains how the ACH system works:

ACH
http://answers.google.com/answers/main?cmd=threadview&id=244497

--Missy

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