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URL:  https://boards.fool.com/jeff-good-catch-quotscheduled-payment-17334275.aspx

Subject:  Re: FirstIB: Bill Pay Enhancement Notification Date:  6/7/2002  10:34 PM
Author:  upatnite2 Number:  17114 of 24357

Jeff, good catch.

"Scheduled Payment Date" is the Business Day your Payment Account will be debited and is also the day the Service will begin processing your payment, unless the Scheduled Payment Date falls on a non-Business Day in which case it will be considered to be the previous Business Day.

"Due Date" is the date reflected on your Payee statement for which the payment is due. It is not the late date or grace period.

"Scheduled Payment" is a payment that has been scheduled through the Service but has not begun processing.

PAYMENT SCHEDULING
Transactions begin processing on your Scheduled Payment Date and will arrive approximately four (4) Business Days after the Scheduled Payment Date. When scheduling payments you must select a Scheduled Payment Date that is no less than five (5) Business Days before the actual Due Date, not the late date or the grace period.


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