What is the difference between Automatic Loan Payment and One Time Payment?

With an Automatic Loan Payment you authorize Fremont Bank to debit your checking or savings account each month on a set day for your monthly payment. These payments will continue until you or the bank specifically requests the automatic payments to stop. With a One Time Payment you authorize Fremont Bank to make a one-time debit to your checking or savings for a specific amount and payment type. For example to make an additional payment towards the principal balance or an annual fee.