I’m wondering how scheduled payments are handled when a scheduled amount is over a user’s bank’s daily limit. In the past when I’ve tried to make large purchases online and have passed my daily limit, I have to go to the bank and request a temporary limit increase.
For example: I schedule a payment for $5,000 on behalf of a user, and unbeknownst to me the bank account the user is paying with has a $2,000 daily withdraw limit. When scheduled date arrives and an attempt to transfer the money is made, would the bank reject it? From previous experience I’d say yes, and if so, how would the developer be notified? Or, does it clear regardless because of some magic on Dwolla’s end?