When setting up a new payee, how many days in advance should the payment be set up from the due date?
(A): Payments should be set up at least 7 business days before the due date for the first payment to a new Payee. Processing time varies between vendors. Once a Payee is established by making a payment, electronic transfers usually fund within 2 business days, and mailed checks usually fund within 5 business days. The difference between the Approximate debit date (displayed directly under the Reference Account Number of the Payee) and the due date will indicate how long that Payee will take to process.
