Payment Frequency Options
The following payment frequency options are available when working with payment plans.
Payment Frequency Options
| Option | Description |
|---|---|
| Bimonthly | Payment is due every two months. |
| Biweekly | Payment is due every two weeks. |
| Day(s) | Payment is due every n (number) of days (where n equals the number of days between payments). |
| Month(s) | Payment is due every n (number) of months (where n equals the number of months between payments). |
| Quarter(s) | Payment is due every n (number) of quarters (three month intervals where n equals the number of quarters between payments). |
| Semimonthly | Payment is due twice a month. When selecting this option, the day of the month on which the second payment is due is required. |
| Semiweekly | Payment is due twice a week. When selecting this option, the day of the week on which the second payment is due is required. |
| Week(s) | Payment is due every n (number) of weeks (where n equals the number of weeks between payments). |
| Year(s) | Payment is due every n (number) of years (where n equals the number of years between payments). |
Note: Saturday, Sunday, and holiday due dates are possible when setting up or modifying payment plan schedule frequency.