Posted by Pierces Notary Services on 11/2/12 7:14pm
Msg #441940

LSI direct deposit

Does anyone know what their payment policy is if you are set up for direct deposit? I used to get a check within 2 weeks.

Reply by jnew on 11/2/12 7:20pm
Msg #441944

I get an ACH transfer every two weeks for the preceding two week period. First to 15th closings paid on first of next month, 16th to end of month paid on fifteenth of next month.

Reply by CopperheadVA on 11/2/12 8:35pm
Msg #441956

Twice a month, same as before. Except you get an email on the 1st and 15th instead of the check being mailed on the 1st and 15th. I LOVE IT!

Reply by CopperheadVA on 11/2/12 8:36pm
Msg #441957

Forgot to mention that the email details which orders you are being paid for and the fee for each - then the total is DD into your bank account.

Reply by Saul Leibowitz on 11/3/12 1:17am
Msg #441971

Same as the prior posters; I receive an ACH 2X per month with a detailed email and I don't have to drop by the bank for a deposit.
Sign up for this; you will be glad you did.

Reply by bfnotary on 11/3/12 7:23pm
Msg #442026

i do the same thing. Once you receive the email, the money usually hits your account 2 days later. Well at least my bank it does. Love their ACH. Less trips to the bank since I do quite a few for them.

Reply by John Belsak, Jr. on 11/4/12 11:25am
Msg #442119

LSI is one of the best companies to work for period!!!!! Sign up for direct deposit, they are right on the money everytime and the email is easy to read, meaning what jobs you're being paid for.

Reply by emilysigns on 11/30/12 5:21pm
Msg #445227

LSI's offical payment terms are net 30; however they do issue payments twice a month, for orders completed the previous two weeks.

These payments are issued approximately the first and the 15th, depending on the day these dates land on. (obviously, we're talking business days.)

ACH payments and hard copy checks are all issued on the same day. Most banks deposit on the following business day, a few banks have a short hold period. Check with your bank on that one.

For fewer than 20 signings being paid on a single check, you will receive a .pdf recon report. For payments containing 20+ signings, you will receive your recon report in an excel spreadsheet for easier reconciliation.

That's the long and the short of it.