Glossary

Backup Withholding

IRS-required withholding from payments to take care of a potential tax liability. Payments of interest are subject to backup withholding when certain IRS requirements are not met.

Bank Routing Number

The number that uniquely identifies a bank for payment processing. Also referred to as an ABA Number or Routing Transit Number.

Bill Detail

Information from a payee that provides line-level account information. This may include specific billing event information such as credit card charges, telephone calls, or kilowatts used.

Bill/Invoice

An electronic or paper document indicating that a payment is due.

Bill Payment

Online Banking feature that enables you to conveniently pay bills from your accounts online.

Billing Cycle

The frequency with which a bill is received from a payee.

Billing Questions

The phone number of your payee's billing department.