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This is how protesters plan to take on the Federal Reserve

This is how protesters plan to take on the Federal Reserve
Main Street activists and community groups plan to turn up the pressure on the Federal Reserve at an annual conference of the economic elite this month, in hopes of convincing the central bank to maintain its support of the American recovery. The …
Read more on Washington Post (blog)

What yuan move means for September Federal Reserve rate hike
China's central bank devalued its tightly controlled currency early Tuesday, fueling speculation that the move could delay the first interest-rate hike by the Federal Reserve in nearly a decade. The yuan suffered its largest one-day loss in two decades …
Read more on MarketWatch

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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How long does ACH payments take?

Question by Beautiful Girl: How long does ACH payments take?
My boss said he sent the check out thursday but i thought i would see it in my bank account today , but its not there

Best answer:

Answer by Kevin Campana
– Standard funding time is 4 days. ACH Processing is very different from credit cards in this respect. The ACH transaction proceeds as if the customer has the funds in their bank account but the customer bank has to “report” to us the money was actually in the account and that is has officially been transferred. This can take 3 days.

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