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What is the difference between Bill Pay and Automatic Funds Transfer (AFT)?

April 26, 2017AFT

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What is the difference between Bill Pay and Automatic Funds Transfer (AFT)?

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If you want to pay a loan account that you have with First American Bank instead of utilizing bill pay, we suggest that you set up a transfer from your checking account to the loan. The transfer will be immediate, whereas there could be a delay in posting the credit to your loan account if Bill Pay is used for the payment.