I did an ACH transfer from an account in one bank to another. The money was withdrawn from Bank A on Friday, but isn’t set to be deposited in Bank B’s account until Tuesday.
Where is my money currently?
In: Economics
So, technically the money is still in your acct & just on hold pending completion of the processing. This makes sure the funds are available when the transfer is actually complete.
It usually takes 1-3 business days to complete, depending majorly on the time & day it’s initiated. Banks usually process these in multiple batches throughout the day. If you do your ACH early enough in the morning (of a biz day), that day may be counted as a biz day.
In your case, Friday wasn’t counted as a business day & your request isn’t actually being started until Monday.
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