Thanks falcon for the info.
When is the best time of the month to cashout and have my money direct deposited into my bank account? I read in the cashout rules it was around the 18th or the 20th of every month. I'm a little in the dark on this.
As I understand the process from my last eleven cash-outs, payment requests from the previous month are processed 'around' the 20th of the following month, depending on whether or not that's a weekend or holiday. So, if the 20th falls on a Saturday let's say, FC is kind enough to process it on the 19th, (or 18th), rather than wait until Monday the 22nd. Direct deposits still take 1-3 days after that to clear the bank's own internal processes.
I'd like to cashout at that specific time each month. This way I won't have to wait for my money to show-up, and it will give me a chance to maximize my account in the meantime.
As long as your request meets the minimum requirements, you can request a cash out payment anytime before midnight PST on the last day of the month. No matter which day of the month a cash out is requested, all requests are processed around the 20th of the following month in conformance with FC's internal accounts-payable system. Bottomline; it isn't going to hit your bank's computers on the same exact day every month no matter how you slice it - it'll arrive pretty close to the 20th every time however. If you're considering the impact of pre-scheduled, automatic EFTs, schedule any such EFT to occur on, say, the 25th, (you'll no doubt notice that banks sometimes will delay such if the EFT falls on a day/time in which they're closed for business as well). Check with your own bank regarding any recent changes to their available funds policies too.