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Do you earn interest on “float?”

EFT transactions are not immediate (like a wire transfer). When an EFT is generated, the funds for your payment are ACH debited from your account within 24 business hours. However, it can take up to three business days before your financial institution releases these funds to us.
 
To expedite the EFT process, we issue payment to your payee immediately. Your payee will generally post this payment to your account within three business days.
 
Once the funds you authorized are released from your financial institution, they are deposited with us. Since some financial institutions can take up to three business days to release your funds to us, there is no floating of your funds or interest earned. Essentially, we have made a payment on your behalf and your funds are used to repay us.