What online loan payment options are available?
Recurring
This payment type offers members a flexible way to manage their automatic, monthly payments. Members may choose the payment date and amount.
One Time PaymentÂ
One time payments work slightly differently in Enrolled vs. Guest Web.
- Enrolled Web: When scheduling this type of payment in Enrolled Web, members can make a single payment from an account with another institution for either the minimum due or their own customized amount.
- Guest Web: Members may make a single payment from a debit card for a selected dollar amount.
Autopay
This payment type automatically processes the selected payment amount each month on the due date. Here’s a breakdown of the payment amount options:
For Credit Card and Line of Credit
- Current Balance: The member is notified ten days before the automatic payment is processed. The balance of the loan at that time is used for the payment, NOT the balance on the due date.
- Current Statement Balance: The current statement balance amount for that cycle period.
- Minimum Amount Due:Â The minimum amount due for that cycle period.
For Consumer Loans
- Minimum Amount Due:Â The minimum amount due for that cycle period.
Note:Â If setup or edited less than 5 days before the loan due date, payment will not process until the following month. For example, if an extra payment is made to the loan the due date is moved out and autopay will not pull until then.
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