Skip Pay
12/06/2021
Need a little breathing room in your budget? Now it’s easier than ever. With our updated Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. feature in Digital Banking, you can skip an eligible loan payment in minutes—no application, phone calls, or branch visits required.
Whether you’re planning ahead or navigating an unexpected expense, Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. can help give your budget a little extra breathing room.
How It Works
- Log in to Digital Banking
- Select More > Transfer & Pay > Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan.
- If your loan qualifies, follow the prompts to request your skipped payment
A $35 fee applies for each skipped payment.
Frequently Asked Questions
What is Skip Pay?Skip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan.
Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. gives you the option to skip a payment on a qualifying loan when you need a little extra breathing room in your budget.
How does Skip Pay work?
It’s simple. Log in to Digital Banking and go to More > Transfer & Pay > Skip Pay. If your loan qualifies, you can follow the prompts to request your skipped payment. Your skipped payment isn’t forgiven—it will be added to the end of your loan, and interest will continue to accrue during the skipped payment period. You may skip one payment per eligible loan per calendar year and must wait at least six months between skipped payments on the same loan.
A $35 fee applies for each skipped payment.
Which loans may qualify for Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan.
?
Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. may be available for qualifying auto loans, personal loans, and recreational loans. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible.
Can I skip payments on more than one loan?
Yes. If you have more than one qualifying loan, you may be able to use Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. on each eligible loan.
Why don’t I see Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan.
for my loan?
All of your eligible loans will appear in Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. . If a loan isn’t eligible to skip a payment at this time, it will be marked as Not Eligible. Loans must be in good standing and meet all eligibility requirements. Loans paid through immediate payroll deposit are not eligible.
Do I need to visit a branch or call Arkansas Federal?
Nope. That’s the beauty of it. You can request Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. right from Digital Banking under More > Transfer & Pay > Skip Pay.
What if I need more help with my payment?
If you need additional payment assistance chat with us, call us at 800.456.3000, or stop by any branch. We’re happy to help you talk through your options.
Can I skip a credit card payment?
Online Skip PaySkip Pay is available on eligible Arkansas Federal auto, personal, and recreational vehicle loans. A $35 fee applies for each skipped payment. Loan must be in good standing. Members may skip one payment per eligible loan per calendar year (January 1–December 31) and must wait at least six months between skipped payments on the same loan. Loans paid through immediate payroll deposit are not eligible. Mortgages, credit cards, home equity loans, and home equity lines of credit are not eligible. Interest will continue to accrue during the skipped payment period. Skipping a payment may extend the term of your loan and increase the total interest paid over the life of the loan. is available only for eligible auto, personal, and recreational vehicle loans. If you’d like to learn about options for your Arkansas Federal credit card, please call 800.456.3000 or visit your local branch.