We recently informed you of a technical issue with our initial premium payment drafts. We have fixed the issue and the bank drafts for initial premium are functioning like normal. When your client requests a specific date for the first premium draft, their bank account will be drafted on the day they requested – not a few days later.
If your client picks the second Tuesday of each month – their payment will come out on the second Tuesday of each month.
Don’t forget to let your clients know they have options when selecting the date their payment comes out.
Flexible Payment Date Options
- Any day between the 1st and 28th of every month
- The last day of every month (ongoing drafts only)
- A day/week combination – for example, the third Friday of every month (ongoing drafts only)
If you have any questions, please contact your Sales Director or Account Executive.
Initial Premium Bank Draft Update
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> Related: Initial Premium Bank Draft Update
