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Bill Pay Questions
- What is Online Bill Pay?
- How does bill payment work?
- How far in advance should I set up payments?
- What date do I put in the schedule date field?
What is Online Bill Pay?
Online Bill Pay lets you schedule and make payments as well as receive and pay bills online through First Republic Bank.
- You can pay anyone, anytime, anywhere in the United States, from your mortgage lender to your newspaper carrier.
- You can also set up repeating payments, such as a car payment or rent.
- You can schedule single payments up to one year in advance.
The only payments you cannot make through the bill payment service are court-ordered payments and state and federal tax payments.
How does bill payment work?
There are two basic steps involved in using Online Bill Pay to make online payments:
- Set up your payees.
- Schedule payments.
When you first begin using the service, set up your payee list by adding the payees to whom you want to make payments. Some payees can also send electronic bills (e-bills). You only need to add each payee once. All of your payees are also listed on the Make Payments – Multiple Payments page, where you can quickly schedule payments.
When you make a payment, you specify the date that you want the payee to receive the payment. The earliest available payment date is four business days from today. Online Bill Pay determines whether a payment is sent electronically or by check, based on whether the payee accepts electronic payments and other guidelines.
After a payment is scheduled, it appears as Scheduled in Payment Activity. After the payment is processed, status changes to Processed. The payee receives your payment on the payment date you specified and credits your account. Sometimes, however, the payee may take a few days to apply the payment to your account.
How far in advance should I set up payments?
To ensure that the payee receives a payment on time, you can schedule a payment with the earliest available payment due date of four (4) business days from the date you schedule the payment.
What date do I put in the schedule date field?
The date you should enter on the Schedule Payments screen is the date you want your payee to receive the payment.
