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eCheck Timelines

SOLVED
kbrio
Contributor

eCheck Timelines

Hello! I received my first echeck payment yesterday April 27 and was notified via email that it takes 6-8 business days for the payment to clear. I noticed in the summary page that the status of the payment is "Pending until 30 Apr 2021". Should I wait 6-8 business days before the echeck gets cleared and would it be reflected on my account or is there something that I need to do to accept this echeck? Thanks!

1 ACCEPTED SOLUTION

Accepted Solutions
kernowlass
Esteemed Advisor

Re: eCheck Timelines

@kbrio 

 

Always wait for echeques to clear as they may fail if the sender does not have enough funds in their bank account to fund the payment.


Advice is voluntary.
Kudos / Solution appreciated.

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1 REPLY 1
kernowlass
Esteemed Advisor

Re: eCheck Timelines

@kbrio 

 

Always wait for echeques to clear as they may fail if the sender does not have enough funds in their bank account to fund the payment.


Advice is voluntary.
Kudos / Solution appreciated.

View solution in original post