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rubyritas / ach

Helper for building ACH files in Ruby
MIT License
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Next business day as Tuesday on weekends #38

Closed terencedignon closed 8 years ago

terencedignon commented 8 years ago

Could you explain why ACH returns Tuesday as the next business day for Fri-Sun? That's been a recurring issue for us. Thanks for all your work.

aripollak commented 8 years ago

@terencedignon this is based on a single data point, which is that the bank I was using had these rules:

the effective date of an ACH batch must be the next business day, or if today is not a business day, then the business day after that.

That seemed to make sense to me given that processing doesn't happen Sat-Sun, but it does on Monday, and the next business day after that is Tuesday.

dlionikis commented 8 years ago

There are a number of banks that process files on Sunday evening and allow for Monday effective dates when submitting files on Friday evening or the weekend. This logic is always bank-specific, with cut-off times and processing schedules for weekends and holidays vary greatly. Currently I'm working with 3 different banks that all handle this differently.

terencedignon commented 8 years ago

@aripollak @dlionikis Thanks for the answers. I wasn't sure if I was missing something, since I'm working with a single data point that operates on a different schedule.