Skip-A-Pay Program
Flexibility for Everyone
Stretch your budget with DFCU
Online Banking Login
Benefits of Skip-A-Pay
How to Skip a Payment
Don’t worry, it is quite simple and easy to do! Here are a few steps for you to follow.
- Log in to your Online Banking Account.
- Click the Skip-A-Pay widget (looks like the picture below). If you don’t see the widget on the left
vertical menu, go to “More” on the same menu, “Widget Options” and add the “Skip-A-Pay” widget. It will
then show on your left vertical menu.
- Follow the prompts to let us know which loan you’re wanting to skip.
- You’re finished and have a little extra room in your budget for that month!
After skipping your payment, please remember to request a one-time stop on any scheduled or ACH payment through online banking or another institution. Otherwise, your payment will still process.
Steps within Online Banking
We’ve created the following slideshow in case you need a little extra guidance! It includes the steps you need to take once you’ve selected the Skip-A-Pay widget in Online Banking.
1. Click on the “More” button and select the “Skip-a-Pay” widget, and then proceed to slide 5. If you don’t see the “Skip-A-Pay” widget, go to slide 2.
2. Then click the “Widget Options”
3. At the bottom of the widgets page, find Skip-A-Pay, and then click “Add.”
4. You can now click on the “More” button to navigate to the Skip-A-Pay page.
5. Now, select which loan payment you want to skip.
6. Then the advanced due date of that payment will be shown.
7. After that, you must click the button to “Proceed with Skip”
8. Then you agree to the disclosure.
9. Next, you choose which account you want the fee** to come from.
10. Then you click the “Finish” button and you’re done! You have a month of no loan payment, therefore, freeing up your cash for other things.
Requirements
- Loans must be current to take part
- You must be one of the owners on the loan
- There is a small fee** associated with skipping payments. So to proceed with skipping your payment, there must be enough in one of your DFCU accounts to cover this fee
- Your DFCU accounts cannot be overdrawn for more than 30 days
- Your DFCU accounts cannot be overdrawn more than $950
- The loan you want to skip a payment on cannot have been delinquent for a period of 60 days within the last 6 months
- Cannot have a CPI (Collateral Protection Insurance) in place on the loan you want to skip
- Loan you want to skip must be open at least 120 days previous
