So I recently was trying to figure out “how” and “why” money can leave 1 account, and not show up posted or pending at my banks account yet, but still not actually be “missing” (which everyone kept telling me, and told me to sit around and “wait” for it, which no one knows is easy, right?) What I did was try to transfer money from 1 account to another account, the money CLEARLY left the 1st account RIGHT AWAY…but when I logged into my bank account, it never showed up. Not today, and not the next day. And neigther was it even a “pending” transaction. So I began to panic…when everyone told me everything was fine and I still couldn’t find it, I began to panic. After I panicked, I did some research, and discovered this information.
If this has ever been you, you may want to read this clear and comprehensive article to how and what ACH payment processing is and how it works. It was very interesting and helpful information to me. I hope you find it helpful as well. (I’m amazed at how many bank and financial institution supervisors could never explain this information to me!) You would think they would be able to explain this simple process to me.