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Date of monthly scheduled payments

Posted by TLC TLC
Message 1 of 2 418 Views

Hi all. Currently I have scheduled Bpay set up for Friday pay days which are fortnightly. Easy.

If I was to change this to monthly, how does it work?  Let's say I set up a payment today and choose pay monthly. Will the next payment be made 4 Friday's from now or 30 days from now? Thanks in advance.

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Re: Date of monthly scheduled payments

Posted by MegB MegB
Message 2 of 2 394 Views

Hey @TLC great question! If you change the frequency to monthly, this will transfer on the same day each month. 

(eg, the 15th of every month), not every 4th Friday.

I hope this helps Smiley Very Happy

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