jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It is mission impossible for your contributions to hit your account the day you get paid. I think some of you need a reality check. Even with online transfer, we have to submit the file, it has to come back as verified, we then have to submit payment, which if after a certain does not process the same day. The funds do not necessarily transfer to the recipient's account the same day either.
DM
You seem to have far more knowledge about the process than I do, but I have to take major exception to this statement.....is it REALLY unrealistic for an employee to expect a quick and accurate execution of these transfers on payday? Everyone I know expects thier Direct Deposit to hit thier checking accounts ON TIME. Some of us work within payroll systems that lag by several days from the actual pay period end date already. My mega-corp employer HR dept has been absolutely fantastic at getting my funds into my 401k as well as Direct Deposits into checking accounts at two different banks on time every payday. I can't recall ever having a problem in almost 30 years...so I KNOW it CAN be done. At the very least, the system should be consistent and reliable......OK, so call me spoiled!