Forum Discussion

JaneneP's avatar
JaneneP
Experienced Cover User
14 days ago

Pay-day Super - Still processing

I processed my first payday super payment, 24.06.2026 - Money have been deducted from the bank account, however status PROCESSING PAYMENT?  I have been going back and forth for several weeks, obviou...
janep's avatar
janep
Experienced Cover User
12 days ago

Where does the money go for 7 days?  Most banking environments process overnight, why is MYOB holding funds?

BJ3's avatar
BJ3
Experienced User
12 days ago

janep​ I suspect they use a 3rd party to process their super.  It's probably out of MYOB's control to an extent.  Although that doesn't mean they can't go to them and put a rocket under them.  Doesn't make MYOB look good cause everyone will think they are investing the money for a week...

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