Why is the bill pay system defaulting the earliest payment date?
A. The date that you see when posting payments, is the date the payee will receive the payment. In the past, you had to schedule a payment 2 or 5 days earlier than the due date. This allowed the bill payment system to electronically send your payment (2 days) or send a paper check (5 days). During this bill payment scenario, your account was debited on the day that you indicated a payment should be initiated. This money will not be debited from your account until your merchant’s financial institution has processed the payment.
