Buildium Delay in Payment

[Alfred Litton]

Hi Folks, 

Our PM just forwarded an email from Buildium (who manages our EFT rent payments) saying that they will now impose a 3-day hold on all rents collected and deposited into our accounts.  Just curious if a.) this is happening industry-wide and b.) whether this is because they somehow think the electronic funds from renters are "no good".  Why would they need to hold rent payments from tenants for 3 days if it's electronic? Isn't electronic pretty much immediate so, therefore, no NSF risk?