After a transaction has been deleted form a Sphere event, form or contact record, when will it post to their bank?
For most transactions, once the record is deleted from the initiative, a reversal or refund is automatically triggered to the donor's bank account. Each bank or branch processes these updates in a different time frame. The refund typically ranges from 1 business day to 10 business days to post, but may not post until the next statement.
The only exceptions to these are: transactions in excess of $10,000 Sponsorships Booth Registrations
These can take up to 7 business to days to process before the reversal is issued by Blackbaud to the transaction owner's bank.