Deposits are created on each US banking day, for every merchant who has payment volume that has been released. Card transactions are deposited into the merchant’s bank account on the following business day (T+1) while ACH transactions are deposited four business days following the transactions (T+4).
Additionally, ACH transactions are not processed over weekends or banking holidays, which means the Transaction Date (“T”) does not equal the date of the purchase for transactions initiated on a Saturday, Sunday, or banking holiday. A list of banking holidays can be found here.
Take a look at some transaction examples and their associated deposit date below:
|
Card Transactions (T+1) - 11pm ET Cutoff |
|
| Transaction Date (T) | Deposit (T+1) |
| Monday | Tuesday |
| Tuesday | Wednesday |
| Wednesday | Thursday |
| Thursday | Friday |
| Friday | Monday |
| Saturday | Monday |
| Sunday | Monday |
|
ACH Transactions (T+4) - 9pm ET Cutoff |
|
| Transaction Date (T) | Deposit (T+4) |
| Monday (Includes Transactions entered on Saturday, Sunday, or Monday) |
Friday |
| Tuesday | Monday |
| Wednesday | Tuesday |
| Thursday | Wednesday |
| Friday | Thursday |