The Posted date on MF website might mean that it was sent to their bank for processing on that date. The bank then sends it out to the recipients banks the evening of which it was received. Only after your bank receives (next business day) the ACH (DD) information will it be posted to your account. Each bank has different times for posting DD. Thus MF statement, "......depending on your bank's process." I worked for a bank in Reno and have explained this process to many customers. I've also shopped with MF many years and don't expect my payments until 20th so when deposited before that, it's early.