TUTORIAL

Lesson 3 - Paying Bills

An electronic bill payment is a payment sent to a payee electronically. The payee is the person or company to whom you make the payment. For each payee, you must provide detailed information, including name, address, phone number, and account number. You can still make a payment using a paper check, but for many situations, paying electronically is faster and easier.

How Electronic Bill Payments Work

When you make an electronic bill payment your payment is made electronically, if possible. If the payee cannot receive an electronic payment, the payment is made by paper check and mailed to the payee.

Electronic bill payments appear on your register as soon as you enter them, and are listed as pending until the transmit date when they are deducted from your account. The payment reaches the payee by the payment date.

When you create an electronic bill payment, the date you enter is the payment date.

When you create an electronic bill payment, the date you enter is the transmit date. Allow 5 days for the payment to reach the payee.

You can enter either the payment date or transmit date, depending on what you select on the Preferences screen. If you enter the transmit date, allow 5 days for the payment to reach the payee.

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