How quickly should I expect to receive a reimbursement via direct deposit?
It is reasonable to expect a direct deposit reimbursement to be made within 3-4 business days of when a Banner AP Invoice has been approved. Normally, the payment processes will be run on Monday and Thursday with an expected ACH transmittal to be initiated on Monday and Thursday. It is reasonable to expect the transaction to be processed electronically and deposited in your bank/account within 2 business days. For instance, if the Banner AP Invoice is entered and approved on Friday, then the direct deposit will be initiated on Monday and the funds should be electronically deposited into your bank account on Tuesday or Wednesday. Keep in mind that direct deposit timing may be dependent on the time of day that the payment file is generated, when the file is released by USNH and the time when your bank collects the electronic payment data from the ACH system. Our goal is to process this file as quickly as possible in order to make payments as timely as possible.
