You can set up an automatic payment rule and your payment will be automatically scheduled and sent out based on your specific instructions.
You will be notified each time a payment is scheduled and you can always edit or cancel your payments at any time.
There are two types of automatic payments:
- Standard automatic payment: Specify how much to send and how often..
- Automatic payment based on eBills: If you receive an eBill for your payee, you can set up a payment once your eBill arrives. There are many payment options when paying your eBill automatically, such as paying only the minimum due, or paying the total balance of the bill. You can also create custom rules for how to pay your eBill.
Standard Automatic Payment:
- Locate the payee that you want to pay automatically and click its Options link
- From the tabs on the left of the Options window, select the Automatic payment tab
- If an eBill is available for your payee, you will be presented with an option to either “Use my bill information to determine the date and amount” or “Don't use my bill information (I'll specify a set date and amount)”
- If an eBill is not available for your payee, you will be presented directly with the standard automatic payment options
- Choose the funding account from which you would like to make the payment (if you have more than one)
- Enter the amount of the payment
- Choose the frequency that this payment occurs; weekly, monthly etc.
- Select the date on which you want your first payment made
- Enter how many payments you would like to make, or choose to continue payments indefinitely.
eBill Based Automatic Payment:
If you receive an eBill for your payee, your bill can be automatically paid based on the amount and due date of your bill.
To set up an automatic payment based on your eBill:
- Locate the payee in your payee list and click its corresponding Options link
- From the tabs on the left of the Options window, select the Automatic payment tab
- Choose the funding account from which you would like to make the payment (if you have more than one)
- How much to pay:
- Pay the full balance of the bill
- Pay the minimum amount due on the bill
- Create a custom rule telling what to do based on the amount of your bill
- Choose when to pay your bill:
- As soon as the bill is received
- On the bill's due date
- Click Save.
Note: If an eBill is available for this payee but you are not currently enrolled for one, you will be presented with a link to the eBill enrollment page.