A scheduled bill payment is a transaction where you schedule funds to move from an account at your bank to the bank's bill payment processor. The funds will then be delivered by the processor to an account at another company.
Note:
It is recommended that you set up a bill payment 5-7 days in advance of the bill due date.
To set up a scheduled bill payment:
On the Accounts window, click on the account number in the Number column.
On the Balances window, click the Payments button and select New Scheduled Payment. If existing payments are set up for this account, the scheduled payments will display. If no payments are set up for this account, "No Payments For Accounts" displays.
On the Payments window, enter information in the following fields:
Payee
Address
City State Zip
Phone number
Contact (optional)
Click the Next button.
In the Add Payment area, verify that the payee information is correct. If not, click on the Back to Payment button, located on the lower portion of the window, and enter the information again.
In the Amount field, enter the amount of the payment. When entering the amount, use a decimal point. For example for a $100 payment, enter 100.00.
In the Date field, enter the date you want the payment(s) to begin.
In the Frequency field, click on the drop-down list and select the type of frequency.
In the Number of Payments field, enter the number of total payments to be made if this is a recurring payment. Review Number of Remaining Payments for more information.
In the Description field, enter information about the payment. This information can be whatever you choose. For example, the payee may be XYZ Company and the description may be "installment loan."
In the Account Number with Payee field, enter the account number for the receiving company.
Click the Submit button.