Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Nicolet Bank Changes Order Of Processing Transactions Effective 4/15/13

Thursday, March 28, 2013 - 9:07 AMNicolet National Bank - Details
The following notification was included in the statement for the Real Reward Checking account ending 3/13/13: 

"Effective April 15th, our payment order of items will change.  Our policy will be to process wire transfers first, ATM and debit card transactions second, online banking and telephone banking third, ACH transactions fourth, checks fifth and internal pre-arranged transfers sixth.  Bill payment transactions are processed either as ACH transactions or checks depending on how the bill pay receiver accepts payments.    Checks are processed in check number order ascending numerically from lowest to highest numbered item for the day on which they are processed.  A check with a blank check number will post before a numbered item." 

Kudos to the bank for notifying accountholders in advance of the change.
pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
Rep Points: 6,407
1. Thursday, October 3, 2013 - 12:25 AM
Awesome  post. I have an question regarding the payment processing and billing processing. When we are starting the transaction or paying the bills by the help of internet, then some time transaction is done, but some time it’s failed. what  is reason of failure in transaction. it's may be internet problem or billing software problem. Please  give me your valuable advice.
jamesmountjamesmount1 posts since
Oct 1, 2013
Rep Points: 2