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During most months, we typically begin initiating normal monthly scheduled payments at approximately midnight GMT on the 22nd calendar day of each month and send the instructions to our bank later that day.
We will begin initiating regularly scheduled payments for accounts with no payment holds and a balance exceeding the minimum payment threshold. We expect our bank to receive and begin processing your payment instructions around mid-day (GMT) on the 22nd of the month.
For EFT or wire transfer payments, the payment clearing processes in various locations may take 4-10 days before you receive the funds in your bank account after your payment is issued.