Once you have requested and have access to send batch payments within internet banking there are two major steps.
- Create a batch by creating a manual batch or uploading a file.
- Approve and process the batch.
Batches can be scheduled to process either on the same day or on a future date.
Depending on your account settings, a batch can be approved by one person, two people OR it may require multiple people to approve.
Once adequate approval is obtained, the payments will be processed immediately (unless scheduled for a future date).
Once processed, the time it takes for the funds to appear in the recipient's account can differ based on the receiving bank's processing times. The funds will typically arrive within 1 - 2 business days.