Understanding TotilPay Payment/Deposits Timelines

TotilPay provides payment processing services; after transactions have occurred they are then paid out via ACH deposits. Below, we explain how TotilPay payment timelines work.

In summary, you should see a deposit within 2-3 business days after the transaction settlement date.

1. Effective Date:
   • The effective date for an ACH deposit from TotilPay is typically the 3rd business day after the EBT (Electronic Benefit Transfer) transaction settlement date.
      
2. EBT Settlement Date:
   • If a transaction occurs before 7:00 pm ET, the EBT settlement date is the same calendar day.
   • If a transaction occurs after 7:00 pm ET, the settlement date will be the next calendar day.
      
3. Example:
   • Suppose a transaction occurs at 5:21 pm on 9/1 in Michigan (Eastern time zone). In this case, the EBT settlement date is 9/1.
   • The 3rd business day after the settlement date would have been 9/6, but if 9/5 is a bank holiday (not a business day), then the 3rd business day after the settlement date of 9/1 would be 9/7.