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The Bill Pay system states Schedule payment at least 5 business days before due date. What does this really mean?

April 26, 2017Business days mean payment schedule system

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The Bill Pay system states Schedule payment at least 5 business days before due date. What does this really mean?

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A. The number of days lead time indicates the number of business days for the payment to arrive at the merchant/payee, assuming the merchant/payee address and account number are correct. This does not guarantee when the merchant/payee will post the payment to the merchant/payee account.The day that the payment was processed is not included in the number of days lead time.The number of days allows time for the merchant/payee to receive and post the payment. Lead time should be used with discretion, since only user experience with the merchant/payee will determine the number of days the user should allow for actual posting of the payment.