If for reasons beyond your control, your payment is received late by your payee and you incur any late charges or fees, EECU will either have the late charges and interest fees waived, or we will pay them for you. To verify which method your payee uses, look at the Payment Method column in the Payees section. If your payee accepts check payment only, your payment is guaranteed to arrive on time as long as you schedule your payment at least five business days before the due date on your bill . An electronic payment is sent out electronically and is the preferred payment method. However, some payees are not able to accept this type of payment.
Electronic payments arrive at the payees faster.
You should still schedule your electronic payment at least five business days before the due date on your bill. Doing so will guarantee that your payment arrives on time. Whether your payee accepts check or electronic payment, as long as you schedule your payment at least five business days before the due date on your bill, your payment will arrive on time. And, if for reasons beyond your control, your payment is received late by your payee and you incur any late charges or fees, EECU will either have the late charges and interest fees waived, or we will pay them for you. If you need to make a payment to a payee larger than this amount, you must split the payment into multiple payments.