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Transfer of Funds to My Bank

JMichaelTXJMichaelTX Member Posts: 2

Why would it take more than 2 days to transfer funds to my bank, from ACH payment of one of my invoices? I can't imagine why it would take 7 days.

REF: https://support.waveapps.com/hc/en-us/articles/217434506

Once this application step is complete and your account is fully active, you can expect your first payment to deposit to your specified bank account after 2 business days if it's a credit card, and 2-7 business days if it's a bank payment.

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edited September 1, 2018 in Bank Connections

Comments

  • artshippingincartshippinginc Member Posts: 1

    This sucks! Will never use the payment method..

  • AlexiaAlexia Member Posts: 3,314 ✭✭✭✭

    Hi, @JMichaelTX and @artshippinginc,

    The timeframe on ACH payments done through Wave is comparable to the timeline offered by other similar services. While ACH payments can take longer to process than credit card payments, they are cheaper to use and offer a lower risk of chargeback.

    If you want to turn payments by bank transfers off for your account but leave the option to pay with credit cards active, you can. Just go to your Settings page and click on Payments. You'll be able to do this from there.

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