When and how are my payments delivered and how can I ensure that my payee reaceives my payment on the due date?
When you schedule a payment, the payment is warehoused until it is time to process it, based on the date that you entered into the system. The number of days until the payee receives the payment will vary depending on how the payment will be made and how long it will take for the payment to be delivered to the payee. Payees that accept electronic transactions will generally receive their funds within two (2) business days, but payees who must receive a paper check may wait for delivery of the check for as long as seven (7) business days. Since you cannot determine if the payment will be made electronically or with a paper check, you should enter a date at least seven (7) business days before the actual payee due date. Once the system has determined that it is time to process the payment, the payment is changed to a processing status. Payments are processed once per business day.
