ACH Settlement
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      1. Support Desk Knowledge
      2. ACH Processing
      3. ACH Settlement

      ACH Funding Interval

      General Information on the ACH (Check) Funding Interval

      ACH Funding Interval

      Checks generally batch around 7:00 PM Eastern Time. There is a 3-business day processing window for all ACH transactions after they have been batched. This allows for the banks to return any transactions if necessary.

      Please Note: The 3-day hold does not include weekends or bank holidays.

      Generally, the funds will be settled to your account on the 4th business day.

      Once the ACH transaction batches, the customer will see the transaction hit their account on the next business day. You, the merchant, will see the payment settle to your account on the 4th business day.

      If a check transaction is processed after the batch time, or on a weekend/holiday, that transaction will be included with the batch on the next business day.

      While the check batches are in the 3 business day processing window, they will appear listed as Pending Check Batches under the Reports Tab in the Online Terminal. Once they have settled, they will move to the Settled Check Batch report. Click on View next to a batch to see all of the transactions that were included in that batch.

      General Timeline

      1. An ACH payment is initiated using the Online Terminal, a payment portal on a website, IVR, etc.
      2. The Merchant will get an instant confirmation of the payment made - the confirmation #. The confirmation # is a reference number that can be used to identify the payment in the system. 
      3. iCheckGateway will place the ACH transaction in a pending status.
      4. All ACH transactions for the day are automatically batched by the gateway at 7:00 p.m. EST.
      5. All of the transactions that were included in that batch will be placed on a 3 business day hold. This allows for the banks to return a transaction if necessary. These transactions will be marked as Pending in the gateway.
      6. On the next business day after the 3-business day hold, the funds will be settled to the merchant's account.
      7. At this time, the transactions will be "cleared" and the gateway changes the status of the payment from Pending to Settled.
      8. Any return notification that is received from the bank after the funds have Settled will be considered a Late Return.