What happens if the online payment date falls on a weekend or bank holiday?

If an online payment is scheduled on a weekend or bank holiday, the payment will be withdrawn on the next business day. All payments are effective dated for the scheduled date of the draft. For example, if you schedule a payment for the 16th and the 16th falls on a weekend or holiday the payment will be withdrawn the next business day. The payment will be effective dated back to the 16th and a late fee will not be charged.