CheckFree determines exactly how payments could be generated and their propriety exposure analytics system. Most money will go electronic, although not, CheckFree can get publish repayments by the glance at (draft or corporate) at any time, regardless if an effective payee allows electronic payments.

1. Electronic payments: Funds will be withdrawn on the same day the payee is paid, on the due date you select. Funds must be available in your account to avoid an insufficient funds fee and the reclamation of the payment from your payee.
2. Glance at repayments: Payments sent by check will either be sent by corporate check or draft check, four business days prior to the due date you select. We strongly suggest allowing five business days to make sure your payment arrives on time. Draft inspections are written on your account and will clear your account just like any check you write from your own checkbook, when its cashed by the payee. Business checks are drawn on CheckFree’s account, and the funds will be withdrawn from your account on the due date you select. Funds must be available in your account until the check clears it, to avoid an insufficient funds fee, or the return of the check to your payee.
3. Payment Target and you will Payee Brands: CheckFree automatically updates payee names and address when they are aware of mergers, name changes, or payment address changes. [Read more…]