When I pay a bill online, can the bank/credit union take the money out before the date I scheduled the payment?


Different banks and credit unions use different systems for scheduling and making online bill payments. 

Some banks and credit unions may choose to deduct the funds from your account early if you are a new customer or if you have a large amount of money scheduled for bill pay.

In addition, the time frame required to process a payment depends upon whether the bank or credit union is able to pay the payee electronically or must issue a paper check. Paper checks often require more lead time.

Most banks and credit unions’ online bill pay services let you schedule a payment on a particular “send date” so that it will get to the payee on a particular “arrival date.” While some banks and credit unions debit funds from your account on the arrival date, other banks and credit unions debit funds on the send date. Ask your bank or credit union about when it normally debits bill payment funds.

Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer