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Knowledge Base |
Daily Remit Schedule
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This article will guide you through understanding the Daily Remit schedule.
1. How often will I receive remit deposits?
2. Why is there a "lag" in getting my daily deposits?
3. How do bank holidays affect my daily remit deposit?
4. Will the remit cycle still close out the reports for month-end?
Yes. End of month remit reports run on the 1st of the next month and follow the normal deposit schedule, unless the deposit day is a bank holiday. Please note that end of month remits are pulled separately, unless its the weekend schedule which is grouped Saturday-Monday. The deposit days remain the same.
Daily Deposit Schedule
1. How often will I receive remit deposits?
You will receive daily remit deposits. Please see deposit schedule below to understand which day(s) are included in your corresponding deposit.
2. Why is there a "lag" in getting my daily deposits?
There is a 3 business-day delay in receiving your funds because ClubReady must first have the funds deposited into our trust account before we can initiate funds into your bank account.
3. How do bank holidays affect my daily remit deposit?
When a deposit day falls on a bank holiday, the deposit is moved to the next business day. When a remit run day occurs on a bank holiday, the deposit is moved out two business days from the remit run day. You will receive two deposits after a bank holiday to make up for the bank deposit day that was missed. (Please see enclosed US and Canada bank holiday information).
4. Will the remit cycle still close out the reports for month-end?
Yes. End of month remit reports run on the 1st of the next month and follow the normal deposit schedule, unless the deposit day is a bank holiday. Please note that end of month remits are pulled separately, unless its the weekend schedule which is grouped Saturday-Monday. The deposit days remain the same.
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