Payment Procedures

ALP can be a condition of an extension of credit.

• True

• False

ALP are deducted from a bank account (checking or savings) through ______.

• ACH

• EFT

• Physical Check

• Bill Pay

What does EFT mean?

How long, prior to their due date, can customers request to make changes on their ALP?

• 3 days

• 5 business days

• 5 days

• 3 business days

Which of the following is not accepted on setting up ALP with business bank accounts?

• Written and authorized request with business letterhead

• DBA papers

• Incorporation Papers

• Written request with authorization

What does CF meant in "Bill Pay- CF"

What is the cut-off time for debit card payments during Mondays-Fridays?

• 5:00 PM

• 7:30 PM

• 9:00 PM

• 5:30 PM

Where do we transfer payment/post-dated payment request for accounts 30dpd or more?

• CAT

• Deferments

• RCH

• Customer Service

Who is not allowed to setup ALP?

• Account Holder

• Joint Account Holder

• Authorized Third Party

• A3P with POA

P&P procedure for Process or Update Procedures for DirectDebit or Payoff Payment