By selecting “Twice Monthly” payments, you are agreeing to have partial plan payments come out of your bank account on two specific days each month. With “Twice Monthly” payments, you can make partial payments if your payroll is made on specific days each month (for example, the 1st and the 15th).
Select the “Twice Monthly” payment option if you would like to make partial payments on two specific days each month. Payments will be initiated on the two days you select each month. Payments will take 5 business days (approximately one calendar week) to clear the TFS Bill Pay system and arrive at your trustee’s office. If you don’t know what your weekly payment amount should be, you can use our partial payment calculator.