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

Question by gdavison: How long does an ach payment take to clear your bank account?
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.
Update. My bank told me to wait a couple of more days. I am tired of waiting. I did call HSBC, they actually have the money. So, I am wandering if the Federal Reserve lost it or my bank lost it.

Best answer:

Answer by AIDAN’S MOM
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.

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Comment (2)

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

  • Answers Guru - May 23, 2014

    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./