| What is Bill Pay? |
Bill Pay allows you to pay bills from a First National Bank checking account to any merchant whom you have selected in advance to receive payments by means of our Online Banking Bill Pay service. There is a small charge for this service however, you no longer have checks to write, no more stamps to buy and no more envelopes to seal.
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| Who can I pay using Online Banking Bill Pay? |
Anyone that you would write a check to or authorize through ACH transactions.
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| How Many days in advance should I schedule my payment? |
You should allow time for your payments to process. For a payment made by check, you should allow approx 10 business days. For an electronic payment, you should allow 3 business days.
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| How do I know whether a payment will be made electronically or by check? |
Our Bill Payment service determines which payments are made electronically or by check. When adding a payee, you should search the Electronic Payee database. If your payee is listed, your payment will be made electronically. If your payee is not listed, your payment will be made by check.
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| When I pay a bill, when does the money come out of my account? |
If the payee is in the Electronic Payee database, the funds come out of your account the day your payment is made. If the payee is paid by check, the funds will come from your account the day the check clears the bank ... just as if you'd written it from your checkbook.
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| What is the Bill Payment cut-off time? |
Payments made before 12:00 pm CST will be mailed the same day. Payments made after 12:00 pm CST will be mailed the next business day.
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| Do I need to re-enter payee information each month? |
Only if the payee information changes. The payee information will remain in Online Banking until you delete it. The only thing you'll have to change each month is the amount you want to pay and the date you want the bill paid.
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| Who do I contact if I have a problem with Bill Pay? |
Please contact our Internet Department at (870) 886-5959 or 1-800-530-7561 during regular business hours.
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| What happens if I do not have enough money in my account to cover the bill payment I have set up? |
If you request a payment for more than the balance in your account and the payment is to be made electronically, i.e. through the ACH network, in this case your payment will not be made. And, if you request a payment that will be paid by a check, the check will be written and the check will then be processed like any other check. However, when the check is processed by our bank and your account has insufficient funds to cover the check, then you will incur the same nonsufficient funds (NSF) charge for a check you may have written.
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| Is there a charge for Bill Pay? |
There is a $6.00 monthly charge for Bill Pay, however online banking without bill pay is no charge.
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