Scheduling Bill Payment. Client must designate a Pay Date so that it is scheduled sufficiently in advance of the due date of the Client’s bill (“Due Date”) to allow the payee to receive it on the Due Date set by the Client’s payee and without taking into account any grace period that may be offered by the Client’s payee. The Client is responsible for ensuring that the Client initiates a Bill Payment instruction in time for the payment to reach the payee before its Due Date (without taking into account any grace period). The Client must designate a Pay Date sufficiently in advance to allow at least five (5) business days, prior to the Due Date, for each Bill Payment instruction to reach the applicable payee. The Bank is not responsible for any damages the Client may suffer if the Client does not allow at least five (5) business days between the Pay Date and the Due Date of the Client’s bill or obligation, without counting any grace period offered by the payee. If the Client submits a one-time Bill Payment instruction after the Bill Payment cutoff hour on the requested Pay Date, then the Bill Payment will be processed the next Business Day. The Client’s Bill Payment Account will also be debited the next Business Day.
Scheduling Bill Payment. Bill Payments should be scheduled well in advance of the Due Date to allow a Payee to receive the Bill Payment by the Due Date set by Company’s Payee and without considering any grace period that may be offered by Company’s Payee. Some companies paid through Bill Payments are not set up for electronic payment and therefore will receive a paper draft on Company’s behalf. These paper draft Bill Payments can take up to six (6) Business Days to process before the Payee receives the Bill Payment. Longer exception periods may be required for Bill Payments to the U.S. Territories of Guam, Puerto Rico, U.S. Virgin Islands, and payments to international military bases. Company is responsible for ensuring that Company initiates a Bill Payment in time for the payment to reach the Payee before its Due Date (without considering any grace period). Company must allow at least six (6) Business Days (or longer for the exceptions noted above), prior to the Due Date, for each Bill Payment to reach the applicable Payee. Bank is not responsible for any damages Company may suffer if Company does not allow sufficient time between the Payment Process Date and the Due Date of Company’s bill or obligation, without counting any grace period offered by the Payee.
Scheduling Bill Payment. Payments made through the Service require sufficient time for your Payee to receive your payment and credit your account accordingly. Payments made through the Service are first cleared to a settlement account prior to being sent to your vendor. To make a payment, use the Service to select the date on which we will debit the Payment Account (“Process Date”) through the Automated Clearing House (“ACH”) to pay a bill or an invoice. In addition to the Process Date, the Service will calculate an estimated date by which the payment will arrive (“Arrives By Date”). The Service will indicate the earliest possible Process Date for each payment. We will use commercially reasonable efforts to issue payment within two business days following the Process Date, depending on the size of the payment and subject to our own review of the payment. We will also determine the payment method – electronic payment or check - for each payment scheduled. Please refer to the chart below for estimated Arrives By Date timing. Electronic Payment Payments processed on this date prior to 7:00 PM ET Payment exception handling Payment exception handling Payment credited to your vendor’s bank account. Payment effective date: Process Date Arrives By Date Payment debited from your bank account Check Payment Payments processed on this date prior to 7:00 PM ET Payment exception handling Payment exception handling Mail transport for checks. Mail transport for checks. Estimated* date vendor receives check. Payment effective date: Process Date Check printed and mailed first class USPS Arrives By Date Payment debited from your bank account *Date dependent on USPS You will be solely responsible for scheduling payments and selecting a Process Date for each payment that allows sufficient time for the payment to be delivered on or prior to the bill’s due date. Typically, it takes three to four full business days after the Process Date to post an electronic payment and five to six full business days to deliver a check payment within the territorial United States by first class mail.
