Conforming Loan Payment Notice
Loan payments are posted/credited on business days. The business day used depends on the time the loan payment is made and the method used to make the loan payment. All loan payments must be made in U.S. currency and accompanied by either the account number or payment coupon.
(Business days are defined as Monday through Friday, excluding federal holidays. Please note that Bank of Orrick business day cut-off time is 3:00 p.m. CT.)
In Person — Loan payments received in person by 3:00 p.m. CT will be credited as of that business day. Loan payments received in person after 3:00 p.m. CT will be credited the next business day.
Night Deposit — A loan payment placed in the night depository at any of our branch locations after 8:00 a.m. CT will be posted the next business day. We discourage the use of the night depository during business hours.
Internet Transfers / 24-Hour Telephone Banking — Loan payments or other transactions, made through online banking or via the 24-hour telephone teller after 8:50 p.m. CT will be posted the next business day.
Mail — Loan payments may be mailed to:
Bank of Orrick
113 E South Front St., PO Box 199
Orrick, MO 64077
Any loan payments received via physical mail on business days by 10:00 a.m. CT will be posted on that business day. Loan payments received via physical mail on Saturdays, federal holidays, or after 10:00 a.m. CT on business days will be posted on the next business day. A loan payment mailed to an address other than the one listed above will be considered non-compliant and may take longer to process. Please allow for at least three days for mail to be received and be aware that we may receive your loan payment on a non-business day, further delaying its posting.
Loan payments received in a manner not listed above will be considered non-conforming and may take longer to process.