How long does an ach payment take to clear your bank account?

Question

I payed HSBC and their records showed $34.00 was taken out on 08/19/08 but my own bank has not shown the deduction yet. I am pretty sure HSBC got paid because their records show standard payment. I am thinking that my bank took $34.00 out of someone else account or they goofed and lost it. Local branch customer service said wait tell Monday.

Answer 1

It varies.  Sometimes it clears one day later, and sometimes it is three or four days.

Answer 2

HSBC has processed the ACH on there end, you should see it come our of your account in a couple of days.  I wouldn't worry just yet, if it is not out by Monday I would call them and double check what account number they w/d the funds from.. just to verify.

Answer 3

Depends.  I have seen it vary from 1 to 4 days.  If your payment is posted at HSBC, you don't have to worry about it.  It will be deducted from your bank very soon.  If not, it's their problem, not yours./