How does the payment post to my Sharechek Account and appear on my statement?
The payment will be deducted from your checking account by one of two methods: an electronic debit through the Automated Clearing House (ACH); or a draft drawn on your account and processed through the Federal Reserve System (as if you had written a check drawn on your checking account). The payment deduction method is determined systematically based upon CheckFree’s operating procedures. All bill payments debited from your account will appear on your monthly Statement of Account and under the All Transaction Activity section of the Checking Account Detail on the Navy Federal Online Account Access service. ACH debits will reflect the name of the Biller (e.g., XYZ Utility Company) as well as the date and amount; however, laser drafts will be reflected on your statement with simply a date and check number. All payments can be viewed with the Biller’s name, payment amount and payment date by reviewing your “Recent Payments,” which are displayed on the Payment Center page.
Related Questions
- When I make a Payment the transaction does not appear on my transaction history immediately and it does not update the available funds balance of the account immediately?
- Why does each payment appear as multiple items in the Account Transactions section?
- How does the payment post to my Sharechek Account and appear on my statement?
