Why different pay days in Bill summary?

Two of my scheduled electronic payments are due on the same day. When I go
into my Calender view, they both are listed on the same day as expected.

However, when I view them in Bills summary, there is a note for each in red
lettering, one says "This electronic payment must be sent within 2 days.".
The other says "This electonic payment must be sent within 4 days."

Why the difference in notes when both are actually scheduled for the same day?

Thanks

-Mike

Steve
Sat May 03 09:24:59 CDT 2008

=?Utf-8?B?TWlrZQ==?= <Mike@discussions.microsoft.com> wrote in
news:E935E6D8-E5D2-4A33-A6F4-B1E6BAE30CBF@microsoft.com:

> Two of my scheduled electronic payments are due on the same day. When
> I go into my Calender view, they both are listed on the same day as
> expected.
>
> However, when I view them in Bills summary, there is a note for each
> in red lettering, one says "This electronic payment must be sent
> within 2 days.". The other says "This electonic payment must be sent
> within 4 days."
>
> Why the difference in notes when both are actually scheduled for the
> same day?

Money estimates the amount of time it will take for the payment to reach
the recipient. Money notifies the bank that you want to make an electronic
payment. This is immediate. The bank then does their voodoo to generate
the payment. If the recipient takes electronic payments, it goes over the
wire. If not, the bank prints a check and mails it. Some banks probably
use a third party for this step, adding more lead time.

If Money wants lead time for the payment, the bank is sending a paper
check.
--
Steve B.
New Life Home Improvement

Mike
Sun May 04 15:49:01 CDT 2008

Thanks Steve

That makes sense. :-)

-Mike

"Steve" wrote:

> =?Utf-8?B?TWlrZQ==?= <Mike@discussions.microsoft.com> wrote in
> news:E935E6D8-E5D2-4A33-A6F4-B1E6BAE30CBF@microsoft.com:
>
> > Two of my scheduled electronic payments are due on the same day. When
> > I go into my Calender view, they both are listed on the same day as
> > expected.
> >
> > However, when I view them in Bills summary, there is a note for each
> > in red lettering, one says "This electronic payment must be sent
> > within 2 days.". The other says "This electonic payment must be sent
> > within 4 days."
> >
> > Why the difference in notes when both are actually scheduled for the
> > same day?
>
> Money estimates the amount of time it will take for the payment to reach
> the recipient. Money notifies the bank that you want to make an electronic
> payment. This is immediate. The bank then does their voodoo to generate
> the payment. If the recipient takes electronic payments, it goes over the
> wire. If not, the bank prints a check and mails it. Some banks probably
> use a third party for this step, adding more lead time.
>
> If Money wants lead time for the payment, the bank is sending a paper
> check.
> --
> Steve B.
> New Life Home Improvement
>