How does the cutoff date work?
The cutoff date serves as the last date that your payments are scheduled automatically. If you select Twice a month for the frequency, the cutoff date may be adjusted to allow payments to be sent within that frequency. Examples You select these options when you set up your automatic payment schedule: OnLine Bill Pay sends five payments; the last payment is sent 3/14, thereby reducing the cutoff period by 11 days. The cutoff period is reduced when the final date to pay is less than the date for sending the second payment in the month. You select these options when you set up a different automatic payment schedule: OnLine Bill Pay sends five payments as well; the last payment is sent 3/14, thereby extending the cutoff period by 14 days. The cutoff period is extended when the final date to pay begins in the next month.
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