My resident paid late, when will I receive my ACH?

When a resident makes a payment, we see a receipt immediately on the online platform used, Appfolio (you will also see it on your owner statement).

However, the system will not let me release funds until they have cleared the bank which takes up to 48 BUSINESS hours.  Also, depending on the time of day the tenant pays will determine how soon it goes through clearing.  For example, if a tenant pays any time after 3:00 PM on a business day, that receipt is actually counted in the next business day and will not begin the clearing process until the following night as long as that is a business day.