I scheduled my payment to be deducted on May 1st. Why did Klik debit my account two days earlier than I specified?
If you signed up online, it is very important that you read the confirmation page and the receipt page when setting up payments. On the confirmation page and on the receipt page, there are two dates listed. A debit date and a payment date. It says beside the debit date that “Funds are withdrawn from your bank account on this day to make your payment by the payment date”. Therefore, if you specified your payment date to be the 1st of the month, you can expect it to be debited from your bank account two business days earlier. Please keep in mind that weekends and holidays do not count as business days. If you signed up using the paper authorization form, you will notice there are several dates listed on the form for you to choose from. These dates are debit dates not payment dates. You are selecting what date you would like to have funds withdrawn from your bank account.
Related Questions
- What if I fail to cancel the payment four business days prior to its scheduled date and there are insufficient funds in my account?
- What if I fail to cancel the payment two business days prior to its scheduled date and there are insufficient funds in my account?
- I scheduled my payment to be deducted on May 1st. Why did Klik debit my account two days earlier than I specified?
