The majority of payments are sent to the payee electronically, which allows them to reach the payee in two business days. If the payment is sent by check, it will generally take about five business days. When you schedule a payment, the system will know whether the payment is being submitted electronically or by check, and will calculate and display the correct “Deliver by” date for that payment. The “Deliver by” date is the date the payee will receive your payment.
There are a couple of things to keep in mind. First, business days exclude weekends and Federal holidays. So, if you are submitting your payment on Friday when Monday is a holiday, the “Deliver by” date will be the following Wednesday. In addition, just because the payment arrives at the merchant on a given day does not automatically mean the payment will be posted immediately. This is particularly true of check payments, which may have to be manually processed once they are received.