he payee will be in receipt of payment within approximately five (5) banking business days for either electronic or check payment. To allow enough time for the merchant to post the payment, we recommend you plan the scheduled payment date at least five (5) days in advance of the due date. For example, if you have a payment due on the 15th, which falls on a Tuesday, schedule the payment to process on the previous Tuesday. This assumes the weekend as non-processing days and that there are no Federal Bank holidays between the scheduled payment date and the due date. It is always safer to schedule the payment date sufficiently in advance of the due date so that the payee has time to receive and post the payment to your account. It is not advised to utilize grace periods when scheduling payments