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How are payments approved for processing?

April 26, 2017Approved PAYMENTS

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How are payments approved for processing?

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Electronic payments are validated against the account balance prior to processing, and check payments settle against the account like any other check. The payment is limited by the amount of funds in his account. What will happen if I do not have sufficient funds for a payment? ELECTRONIC payments are verified for funds availability during processing. If the funds are available, the account is debited for the payment. If the funds are not available during the 3:AM processing, we will try again at 1:PM. If the funds remain unavailable, you will receive a message that the payment could not be processed due to insufficient funds. The payment will continue to be attempted until either there are adequate funds to let it go through or you delete the payment. CHECK payments are handled in the same manner as a check written out of your checkbook against an insufficient balance.