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How does EFT work?

In general, the EFT process can take up to three business days. Listed below is an example of how an EFT payment reaches your payee.


Monday: Payment is issued and the EFT process initiates. The payment leaves your pending payments and can be viewed as a report.
Tuesday: Your account is debited via ACH (automated clearing house). ACH is the national standard for debiting a funding account.
Wednesday: Payment is sent to your payee via RPPS (Mastercard remote payment and presentation service).
Thursday/Friday: Depending on your payee's back-end processes, the payment may post to your account.
Although most EFT transactions take up to three business days, it's important to note that some EFT transactions may clear your bank account the same day they are issued. Be sure your account is funded in advance to avoid bounced payments.