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How are online bill payments processed

10/25/21

Online bill payment remit methods include, but may not be limited to, an electronic payment, a draft check remitted on your behalf, or Bill Pay Corporate Check.

Electronic Payment: Funds remitted to Biller on the scheduled payment date. Funds for the payment clear your account on the scheduled payment date.

Draft Check: Check mailed to the biller three business days prior to the scheduled payment date to ensure it arrives by the scheduled payment date. Funds clear your account when the biller cashes the check.

Bill Pay Corporate check: Bill Pay corporate check mailed to the biller three business day prior to the scheduled payment date to ensure it arrives by the scheduled payment date. Funds are electronically debited from your account on the scheduled payment date.

Funds need to be available to cover the payment on the scheduled payment date.

The payment method for each payment is determined automatically by our bill pay system. One of the main determining factors is the method by which entities prefer to receive payment. If a payment can be issued electronically, we do so whenever possible because it is the most efficient method. If a payment cannot be issued electronically, our system remits a check on your behalf.

A payment may switch from one payment method to another for a number of reasons. The merchant may have temporarily switched the payment method to paper while they update processing information. Recent changes or re-issuance of your payee account number could alter the payment method. The amount of the payment and your payment history are also considered. There are many factors that we evaluate when making this decision. Regardless of the payment method, our goal is to deliver the payment to the merchant on the due date according to your payment instructions.

Note: Intuit Direct Connect Bill Pay processing is not available at this time for Business Bill Pay.

WHAT ARE THE PAYMENT REMIT METHODS AND DETAIL

Payment Remit Info

Electronic

Corporate Check

Draft Check

Earliest schedule payment date available, from the date of submission?

1 – 2 Business Days

5 Business Days

5 Business Days

After submitting the payment, the BBP user may enter a four digit check number (i.e., 1001). When the draft check are printed, it will include a prefix “99” in front of the check number (i.e, 991001).

 

When is the payment remitted to the biller?

Electronic payment sent on scheduled payment date.

Mail corporate check five business days prior to scheduled payment date.

Mail draft check five business days prior to scheduled payment date.

When are funds drawn from my account?

Scheduled payment date

Scheduled payment date

When the biller cashes the check

When does the biller receive the payment?

Scheduled Payment Date

When they cash the check

When the biller cashes the check

Bill History (menu option) – View Details

Pending

Bill payment is pending. The payment will be processed in time for the biller to receive it by the pay date.

 

Bill payment is pending. The payment will be processed in time for the biller to receive it by the pay date.

 

Bill payment is pending. The payment will be processed in time for the biller to receive it by the pay date.

 

Processing

The bill payment is processing. The payment will be processed in time for the biller to receive it by the pay date.

 

The bill payment is processing. The payment will be processed in time for the biller to receive it by the pay date.

 

The bill payment is processing. The payment will be processed in time for the biller to receive it by the pay date.

 

Processed

Your payment from your Account Nickname #1234 was sent to Biller Name on scheduled payment date. The withdrawal date from your account is scheduled payment date.

 

A check from our account was mailed to Biller Name on Remit Date. Funds were withdrawn from your Account Nickname #1234 account on scheduled payment date.

Note: To confirm Corporate Check was cashed, contact the Concierge Desk

 888-322-2120.

Check #### from your Account Nickname #1234 account was mailed to Biller Name on Remit Date. Funds for this payment will be withdrawn from your account when the biller cashes the check.