I recently bought a car that I paid for using an ACH over 3 months ago. Yet, the money has still not left my account. Could it be that they just forgot to accept the payment? I have been in touch with them up to last month but neither of us has mentioned a payment issue. In my eyes, it should be their responsibility to follow through if they haven't been paid. What is the expiration for something like this? Maybe I just put the money aside into an account to gain interest?

  • ACH is not the same as a wire transfer, as far as I can tell. – Rupert Morrish Jan 11 '18 at 21:34
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    It was likely an ACH. I've updated question. – aowie1 Jan 11 '18 at 21:45
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    "Maybe I just put the money aside into an account to gain interest?" I would keep it in the account to make sure you don't get overdrafted if they ever find the mistake. The minute interest is not worth the risk. – D Stanley Jan 11 '18 at 21:48
  • i have seen delays in ACH charging of up to 15 days, as they don’t seem to be in a hurry. Even my monthly mortgage ACH is sometimes 5 or 6 days late, so that is normal. should the payment have started three months ago? or just this month? – Aganju Jan 12 '18 at 6:29
  • "but neither of us has mentioned a payment issue" Your best course probably is to mention the issue and get it cleared-up as soon as possible, so you don't need to leave money set-aside. After all, you've got the car so you owe them some money, and a clerical error on their part or the bank doesn't alter that. – TripeHound Jan 12 '18 at 8:45

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