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How do ACH debits work? about balanced-api HOT 2 CLOSED

balanced avatar balanced commented on June 19, 2024
How do ACH debits work?

from balanced-api.

Comments (2)

matin avatar matin commented on June 19, 2024

@mahmoudimus can you drop some wisdom bombs on us?

from balanced-api.

matin avatar matin commented on June 19, 2024
  • one business day relies on the request clearing before the ACH cut-off (4:30pm Pacific).

how long until an ACH debit is confirmed to have happened?

one business day

how long until the funds become availble from issuing the request?

one business day

are the funds guaranteed after a successful response is returned from the ODFI?

yes

how long until the ACH debit is rejected?

one business day

what rejection reasons are provided?

Still trying to gain more information on the rejection codes, but it will be documented in the spec.

from balanced-api.

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