Definition: A payment is processed in G5 using either the ACH or FedWire payment method.
Additional Information: For payments by ACH, the default Deposit Date is the next day if received prior by 3:00 p.m. EST or earlier. If the request is made after 3:00 p.m. EST, the Deposit Date is the current date plus two days.
For payments by FEDWIRE, if the current time is 2:00 p.m. EST or earlier, the default Deposit Date is the current date. Otherwise, the default Deposit Date is the current date plus one-day.