Payment in 3-5 Business Days?
08-26-2010 at 09:16 AM
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#1
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Payment in 3-5 Business Days?
I went to the bank yesterday to pay McMaster, and in MUGSI under "Pay Your Account" it still shows up with a balance of $0. Am I right in assuming this is because there's usually a wait of 3-5 business days for something like this, or should it be there already if my bank did the transfer?
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08-26-2010 at 10:21 AM
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#2
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Quote:
Originally Posted by Theashe
I went to the bank yesterday to pay McMaster, and in MUGSI under "Pay Your Account" it still shows up with a balance of $0. Am I right in assuming this is because there's usually a wait of 3-5 business days for something like this, or should it be there already if my bank did the transfer?
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It still takes time to process.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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08-31-2010 at 12:11 AM
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#3
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But do you get charged interest? Because I paid mine on Sunday and it still doesn't say I paid.
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08-31-2010 at 01:11 AM
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#4
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Quote:
Originally Posted by smiles
But do you get charged interest? Because I paid mine on Sunday and it still doesn't say I paid.
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Presumably you paid online Sunday and if you did pay on Sunday your payment wouldn't have started processing until today since Sunday is not a business day.
Also it takes a few days for it to show up on MUGSI. If you've already sent the money you should be fine and it should show up in a few days.
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-Stefanie Walsh-
4th Year Multimedia 2010-2011
Elivs.L
says thanks to sew12 for this post.
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08-31-2010 at 07:19 AM
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#5
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Quote:
Originally Posted by smiles
But do you get charged interest? Because I paid mine on Sunday and it still doesn't say I paid.
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Interest is charged on the last day of every month started September 30th. The most you could be charged is 35$, but your transaction should make it in time.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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08-31-2010 at 08:53 AM
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#6
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same here, i paid on sat, and still haven't heard anything from mac yet, and balance still shows as 0
so when they receive the payment, should we be expecting an email or some form of acknolegment that they have received the fees?
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08-31-2010 at 10:18 AM
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#7
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Quote:
Originally Posted by Elivs.L
same here, i paid on sat, and still haven't heard anything from mac yet, and balance still shows as 0
so when they receive the payment, should we be expecting an email or some form of acknolegment that they have received the fees?
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No, you don't get any notification. You have to check your account statement. You should also note that if you paid on Saturday, your payment actually starts on Monday because Saturday and Sunday aren't business days.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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08-31-2010 at 10:36 AM
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#8
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Just keep checking MUGSI.
Once its paid it will show your payment.
Sometimes it takes a while to show up but if you've already sent it you should be fine. Even if the payment doesn't show on MUGSI tomorrow don't panic. It always takes time for the Account Statements to be updated with current information.
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