-1.png?height=120&name=Confido%20-%20Trademark%20-%20Dark%20(2)-1.png)
The time it takes for a payment to be deposited in your bank account depends on the payment method, cut-off times and your bank's processes. This article outlines the most common deposit timelines for Confido Legal firms.
Tip: to see a projected time frame for your expected deposits, go to your Confido Legal Deposit Report.
Payment Methods
- Credit & debit card payments are deposited in 2 business days.
- Same-Day Bank Transfers will be deposited the same business day if the transaction occurred before the cutoff time and next business day if the transaction happened after the cutoff time.
Cut-Off Times
The cut-off time is considered the end of day for purposes of deposit timelines. For example, a payment processed on Monday after the cut-off time would be bundled with Tuesday's payments.
- Credit & debit card cut-off is at 11:30 pm EST. *
- Same-Day Bank Transfer cut-off is at 1:30 pm EST.
Please note: 11:30 pm EST is the default cut-off time for US-based firms. Canadian firms have a default cut-off time of 9 pm EST.
Contact support@confidolegal.com to change your firm's cut-off time for credit & debit card payments.
Banking Processes
Banks may choose to deposit bank transfers (ACH payments) a day or two early, frequently referred to as "Early Pay."
Banks may also observe certain holidays that can impact the deposit timeline and delay your deposit. See the Federal Reserve Holiday Schedule for a complete list of holidays that are not considered business days for the purposes of deposit timelines.