How does Bill Pay collect funds from an account if there are insufficient or no funds available?
A. CheckFree will first make two attempts to collect the funds from the subscriber’s account. First on the due date and the second attempt will be within 2 to 3 business days of the first attempt. The account will remain active unless the funds are not recovered in 46 calendar days, at which time the account will roll to a Cancel status, with a C code for collections. If the payment was made via a corporate check or electronically, the biller has already been paid and the subscriber does not need to send them another payment. If the payment was made by a laser draft check, the payment will be returned to the financial institution that services the account.
CheckFree will first make two attempts to collect the funds from the your account. First on the due date and the second attempt will be within 2 to 3 business days of the first attempt. If this is unsuccessful and the funds are not recovered in 46 calendar days, the account rolls to a Cancel status, with a “C” code for collections. If the payment was made via a corporate check or electronically, the biller has already been paid and you do not need to send them another payment. If the payment was made by a laser draft check, the payment will be returned to the financial institution that services the account.
A. CheckFree will first make two attempts to collect the funds from the your account. First on the due date and the second attempt will be within 2 to 3 business days of the first attempt. If this is unsuccessful and the funds are not recovered in 46 calendar days, the account rolls to a Cancel status, with a “C” code for collections. If the payment was made via a corporate check or electronically, the biller has already been paid and you do not need to send them another payment. If the payment was made by a laser draft check, the payment will be returned to the financial institution that services the account.
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