Future dated payments

Summary: Payment Process request for Future Date payments

1 Will it generate the payment file for the bank immediately (Create payment file immediately is ticked automatically)

2. when is payment transferred to the bank, how does the bank know if this is for a future payment ?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):