Two Business Day Funding
If you prefer receiving all card transaction activity for a given day in one deposit please advise MyTime that you would like to switch to 2 business-day funding. We will set the batch to close time to 11:55 PM local time. This setting is recommended as it will simplify reconciliation between MyTime reports and your bank.
Example: If your business hours on Monday are 9 AM to 7 PM PST and you choose 2 business day funding you would receive ALL card transactions from 9 AM to 7 PM on Wednesday in one single deposit. Tuesday would deposit Thursday. Wednesday Friday, Saturday, and Sunday transactions will deposit Tuesday*.
Next Business Day Funding
If you prefer receiving all card transaction activity for a given day the next business day please advise MyTime that you prefer next business day funding. We will set your batch close/cutoff time to 5 PM PT or 8 PM ET. This will allow for faster deposits but could cause complex reconciliation between MyTime reports and your bank deposits.
Example: If your business hours on Monday are 9 AM to 7 PM PST and you choose next business day funding, we will deposit transactions from 9 AM to 5 PM on Tuesday and any card transactions from 5 PM to 7 PM on Wednesday. Friday transactions will deposit Monday; Saturday and Sunday transactions will deposit Tuesday*.
*Bank Holidays will alter these deposit timeframes.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article