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I did find this from an Admin in a forum from last year on this site. Not sure if this helps anyone better understand what a processing date is?
I’ll try to explain it as simply as I can with the best of my knowledge. That date is more or less a “process by date” so that returns don’t get stuck without a resolution. As the date approaches then the system is flagged to scan the account again to see if there was a problem that caused it to no be resolved. For the most part having your refund released (846 code) resolves the account and it closes it out. For those of us on PATH that means we cannot receive that refund prior to 2/15 so the system will scan the account and see the credit codes that fall under PATH and assign a new “processing date.” Those dates are always a Monday date and everyone who processed during that cycle will have the same date. This does not however mean that everyone will receive their DD on the same date as there are other things to factor in.
Long story short- the “processing date” does not correlate with a DDD and can actually be weeks later than when you actually receive your DD.
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