Below are the default timeframes and dollar limits for Plate IQ VendorPay. Individual accounts may have different thresholds.
| Check | ACH | Virtual Card | |
|---|---|---|---|
How long will it take to arrive? | 1-2 Business Days to leave printing facility 5-7 Business Days to reach vendor via USPS | 4-5 Business Days *Vendor’s bank may take 24 hours to display funds* | 2-4 Business Days |
| What is the cutoff time for delivery? | 12pm EST | 4pm EST | 4pm EST |
When will the funds be removed from the bank account? | When the vendor deposits the check | When the payment leaves the “Scheduled” tab in Plate IQ | When the payment leaves the “Scheduled” tab in Plate IQ |
Is there a limit? | $1,000,000 | $75,000 (default) | $75,000 (default) |