The Bill Pay system says “Schedule payment at least 5 days before due date.” What does this really mean?
The number of days before the payment due date is called “lead time”. Lead time covers the time required for the merchant/ payee to receive and post the payment (assuming the merchant/ payee address and account number are correct). This does not guarantee when the merchant/ payee will post the payment.
Related Questions
- The Bill Payment system says Schedule payments at least 5 business days before the due date. What does this really mean?
- The Bill Pay system states Schedule payment at least 5 business days before due date. What does this really mean?
- The Bill Pay system says ‘Schedule payment at least 5 business days before due date’. What does this really mean?
