This feature is available for an additional charge. Contact Airbase Customer Success team to learn more.
At 6 PM PST, all approved requests for each employee are batched into a single transaction. If Adam has three requests approved of $30 each and Ben has two transactions of $50 each, Airbase will initiate two ACH Loads - $90 for Adam and $100 for Ben.
Airbase will pull the reimbursement amount from your bank account and move it to the Airbase account and later transfer the money to your employee’s account.
For the first part of the transaction, Airbase will move funds from the Funding Account to Airbase Account.
It’ll take three business days for the transfer to complete.
Once the money is credited to the Airbase Account, a transaction will be initiated to your employee’s verified bank account.
The transfer will only take one business day to complete.
If an employee's reimbursements are approved, but his/her bank account is not yet verified, reimbursement payment will be kept on hold until the employee’s bank account is verified. Once their account verification is complete, the payment will be initiated by the end of the day.