whatever option you have in place on july 4 is there for the year. it's not too late until the COB on friday BUT, you may find you're charged in advance so you don't get CCR for the first couple of weeks, or it will have to be sorted out fees wise later
FTB advances are all changing on july 1 - you will get one advance with your first payment in july - after that you'll need to renegotiate a continuous advance in january if you want it to happen again then (it only has to be re setup once)

