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Been getting direct deposit earlier this last month
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<blockquote data-quote="eats packages" data-source="post: 5307720" data-attributes="member: 68137"><p>Wikipedia has failed me on why exactly there is a 0-2 day delay. I get mine cleared early Thursday, which is essentially an overnight transaction for when the company sends them out sometime Wednesday.</p><p></p><p>If I read it correctly, The reason you would get your check on Friday is because the overnight ACH credit originating from your bank overlaps with the overnight ACH debit from the employer. So your bank asks for Wednesday's funds on Thursday, sees nothing there, and has to wait an extra day.</p><p></p><p>And a Wednesday check would imply that a same-day debit from the employer is found shortly afterwords by a same-day credit from your bank.</p></blockquote><p></p>
[QUOTE="eats packages, post: 5307720, member: 68137"] Wikipedia has failed me on why exactly there is a 0-2 day delay. I get mine cleared early Thursday, which is essentially an overnight transaction for when the company sends them out sometime Wednesday. If I read it correctly, The reason you would get your check on Friday is because the overnight ACH credit originating from your bank overlaps with the overnight ACH debit from the employer. So your bank asks for Wednesday's funds on Thursday, sees nothing there, and has to wait an extra day. And a Wednesday check would imply that a same-day debit from the employer is found shortly afterwords by a same-day credit from your bank. [/QUOTE]
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Been getting direct deposit earlier this last month
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