Kay , did the search , 24 items come up and nothing regarding the question comes out.
I was dealing with a cell phone company just the other day regarding a payment , and the first drone in Customer service was explaining that a payment made could take up to 10 days.
The second person I talked to stated that the payment would only take 6 days , so I am getting better here , lopping off 4 whole days.
But it really was flabbergasting to find out that it could actually take this long.
My take on this was that there is three partys involved , me , the bank, and the vendor that the payment is going to.
Kay , here it is 4:30am since I work Afternoon shift . I pay a bill
Company pays me on thursday through direct deposit ( actually they deposit the money probably a lot earlier in the week , it only gets released on Thurs.)
Then I pay the bill
So I imagine from this moment , the money thats allocated to the bill payment goes into some sort of escrow account , to prove that I actually have the money.Then it gets electronically moved to the vendor that its being payed to.
From here I am lost as to what happens next
What exactly is the flow process from the time I hit click to the time the vendor gets the money.