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Posted by John Pollard on May 17, 2007, 12:35 pm
Please log in for more thread options Bernie Cosell wrote:
>
> } Bernie Cosell wrote:
> }
> } > I now understand (more clearly) that the funds for
> online } > payments are immediately debited
>
> } With BofA (All Other States), my account is debited "no
> earlier } than the Delivery Date". The Process Date can
> be anywhere from, } the same as the Delivery Date, to 6
> days (or so) before the } Delivery Date ... depending on
> the method of delivery, and the } timing of weekends and
> holidays.
>
> I see that also in my register, this from Wachovia.
> But
> the one thing I can't find is the *actual*date* the check
> was cashed, if it was at all.
The way I'm interpreting this is: you won't ever see the date
the check is actually cashed; when it is actually cashed, I
think it's going to clear the *bank's* account, not yours. The
check has already cleared your account (on the Delivery Date)
and the money went from your account to the bank's account: from
your perspective, the check was cashed on the Delivery Date.
> The "status" seems only to
> include the processing info, not the actual
> when-it-was-presented date.. Maybe I should try sending
> myself a check [so I can know exactly when it went from
> nothing to 'c' to 'R', when I actually received the
> check, and when I cash it, what happens in my register].
That would be interesting; let us know what happens if you
decide to do this. I would wait a few days after receiving the
check (after the Delivery Date, actually) before you "cash" it.
--
John Pollard
First initial underscore Last name at mchsi dot com
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