It typically takes about 2-4 banking-days* for the payment to arrive in your landlord's bank account.
If it has already been 4 banking days and your payment still says "processing" it is likely due to one of the reasons below:
- First time payments to landlords with new RentShare accounts can sometimes take a day or two extra to process due to routine security screenings.
- Some landlords require the full amount due to be paid before they will accept funds into their bank account. If you have made a partial payment, or you are still waiting for a roommate to pay the remaining balance, this may result in a delay depending on your landlord's settings.
- If neither above scenarios apply please contact firstname.lastname@example.org so we can investigate further.
*A banking day is considered any business day when the federal reserve bank is open for business with regular hours. Banks are closed on weekends and most major holidays. For a full list of banking holidays see this calendar: https://www.newyorkfed.org/aboutthefed/holiday_schedule.html