2017

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KCS - When will Funds Appear in my Real Bank Account?

Objective:

  • Online payments deposited in my account 

Environment:

  • Clio Web App

Additional Information:

n/a

Answer:

  • The “Completed” status actually just means that the transaction has settled, or that the funds have begun to move. A transaction will be in a status of “Authorized” from when it is initially run until midnight eastern time that evening. At that point the system batches all of the transactions that were run that day. Unfortunately, we do not get any sort of notification back from the bank once funds are successfully received – all we know is when it was sent to the depositing bank. As a general rule of thumb, it will take 1-2 business days for funds to deposit from their transaction date.
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