In the two examples below, we’ll use a $10,000.00/wk limit. This means, $10,000.00 per week will be sent to the bank account on file automatically.
Example 1: The account receives three $5,000 payments within one week.
$10,000.00 will be transferred to the bank account on file while the remaining $5,000.00 balance will be held in the accounts deposit limit. The $5,000.00 will appear in a pending balance and will be transferred after a one week hold period.
Example 2: The account receives one single $15,000.00 payment.
Since the deposit limit is set to $10,000.00 and the $15,000.00 payment exceeds that limit, the $15,000.00 balance will be held in the deposit limit. For reconciliation purposes, we would not split the $15,000.00 balance into $10,000.00/$5,000.00 instead the entire $15,000.00 will be settled one week after the payment has been captured. The funds will appear in a pending balance until the one week hold has expired.