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

Interest On ACH Transfers

Sunday, June 30, 2013 - 4:37 PM
 Who pays the interest when Bank A has ACH transferred to Bank B on Friday; but the transfer doesn't show up at Bank B until Tuesday?  Is no one paying the interest?
DeeDee1 posts since
Jun 30, 2013
Rep Points: 3
1. Sunday, June 30, 2013 - 7:39 PM
Not that any bank is "paying interest", but you, who do the ACH, lose interest during ACH transitions.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427