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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Theres no doubt that asking for a deposit is beneficial. Clients become invested in the process, it minimizes the chances of non-payment, and gives you working capital. But you cannot charge a deposit every time. There are situations where forgoing the deposit is the best option.
Providing deposits for contractors is a crucialand normalstep in starting a renovation. Short answer: Yes. But there are exceptions, and your contractor may have some flexibility. Below, Sweeten outlines the reasons behind upfront payment amounts, and some options for negotiating your deposit for a contractor.
Enjoy the convenience of making deposits 24 hours a day, even weekends and holidays. Extend the business day. Deposits received by 10:00 p.m. are processed the same business day. Deposits received after 10:00 p.m., on weekends or holidays will be processed the next business day.
In some cases, a mobile check deposit can be available within just a few minutes of uploading the check into the mobile banking app. However, it usually takes around one business day for deposits to go through. Following instructions from the bank carefully regarding uploads can speed up the deposit timeline.
Deposit to an Typically, it takes 1 2 business days for the receiving bank to credit the money to your account.
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People also ask

What happens when I pay a deposit for goods or services? When you pay a deposit you are paying a percentage of the price of a product or service. Paying a deposit shows that you intend to buy the item and it means you are entering into a contract with the business.
Deposits received by 10:00 p.m. are processed the same business day. Deposits received after 10:00 p.m., on weekends or holidays will be processed the next business day. Get money to the bank faster. You will save time by avoiding trips to the banking center when you use Mobile Deposit.
Some businesses offer appointment deposits, which allow a client to reserve a spot on a busy schedule and pay for the remainder of the appointment after the service has been provided.
The difference is that a payment doesnt hit the GL until the invoice is posted whereas a deposit hits the GL as soon as the deposit is saved.
Most clients are perfectly fine with paying providers upfront. Not only does this show them that youre a true professional, it also provides them with an upfront cost. Typically, theyll prefer to know the cost upfront rather than receiving an invoice thats higher than they anticipated.

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