A payment election is the choice an individual or business makes about how and when they want to receive payments. This could include selecting:
Payment method (direct deposit, check, wire transfer, digital wallet, etc.)
Payment frequency (weekly, biweekly, monthly, lump sum, etc.)
Payment account (choosing which bank or account to credit).
???? Why it matters:
Offers f... https://premierpaymentsonline.com/payment-elections-take-how-long-to-process/