Whats the difference between the day the funds are withdrawn for a bill payment and the due date?
Online Banking allows you to schedule payments based on the due date so that your payments arrive on time. The person, or company you’re sending the bill payment to will set the number of business days they require for each payment; and this will usually depend on whether they receive payments by paper check or electronically. Paper checks require a processing time of five business days prior to the payment due date. This means that your account will be debited five business days before the due date. Electronic payments require a processing time of two business days prior to the payment due date. So your account will be debited two business days before the due date. You can view the processing dates for pending payments on the “Upcoming Payments” tab. For further clarification, please refer to Bank of the West’s Online Banking Service Agreement, section 8D.
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