Payment of Superannuation
I've processed payment of super, but the status in MYOB has been saying "Processing payment" for the past 2 days. How long does it usually take for MYOB to process super payment?
Hi OSSmaritime,
Totally get why seeing your super payment sitting on "Processing" for a couple of days would make you a bit nervous, especially if you’re new to doing it through MYOB.
Super payments usually take around 5 business days to go through, and it can take up to 7 business days if there are any delays with the banks or the super funds. So the payment you’ve made is still well within the normal processing timeframe.
If it’s still showing as processing after 7 business days, that’s when we’d want to take a closer look.
*Updating due to Payday super changes - read about the 7 business days timeframe here
Regards,
Genreve