What is the difference between semi-monthly payments and bi-weekly?
Bi-weekly affects the account every other week. This might mean that an account will be affected more than twice a month. Semi-monthly affects the account only twice a month. The payment frequency is paired 15 days apart. Example: If a bill’s first payment is on the first, the next triggered date would be the 16th. Any date which is not a business day (i.e., Saturday, Sunday or Holiday) rolls to the previous business day.
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- What is the difference between semi-monthly payments and bi-weekly?
