Am I the only one who sees people messing up ACH payment timing?

Honestly, I noticed this in our small business group here in Austin. Folks keep thinking ACH transfers are instant like a credit card payment, but they're not. I had a client last month who scheduled a vendor payment on a Friday afternoon and got mad when it didn't clear until Tuesday. Tbh, it matters because late fees add up fast if you're relying on that timing for bills. I track mine in a simple spreadsheet with a 2 business day buffer now. How do you all avoid this confusion with your clients or vendors?

2 comments

2 Comments

nora5356d ago

Ngl, I kinda see it the other way. If you're running a legit business, you should already know ACH takes a couple days. That's basic stuff. Maybe people just need to read the fine print before they get mad about it.

marymorgan6d ago

Start by saying @nora535 has a point about fine print, but I think it's part of a bigger pattern where everyone expects things to be instant these days. We've all gotten so used to tap-to-pay and same-day shipping that we forget some stuff like bank transfers still run on old-school timetables. Your mileage may vary, but I've seen this impatience pop up in all kinds of everyday situations, not just payments.