ELi5: Why do credit card and some bill payments take 1-3+ days to be taken from my account, and how is that allowed? Due Date ≠ Date Due?

Question

ELi5: Why do credit card and some bill payments take 1-3+ days to be taken from my account, and how is that allowed? Due Date ≠ Date Due?

In: 3

Answer 1

The ACH processing takes time and in general is a grade period so long as you’ve scheduled the payment by the due date.

ACH processing takes 1-2 days after it’s been setup to be fully processed.