Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Automatic payment option for Penfed ( Pentagon Federal ) Visa
Old 04-20-2007, 09:14 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Automatic payment option for Penfed ( Pentagon Federal ) Visa

ACH payment of your Penfed Visa from your local bank:

Auto-pay of the Penfed visa is doable, but not transparent. Go to Penfed home page, click "forms" at top of page, click 6th bulleted item "Authorization Agreement for Automated Clearing House (ACH) Debit", print document. Write in and add a new checked box in section "A" labled "credit card monthly bill in full (or minimum or whatever) each month. For PFCU loan # use your credit card #. I wrote "automatic credit card payment" at the top of the sheet I sent. Call one of the helpful Penfed service people to be sure this is good information and then send it off to Penfed. It's worked for us for the last 3 months, though it takes a bit of faith as they don't send out any payment confirmation. Hope this helps -
__________________

__________________
calmloki is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Automatic payment option for Penfed ( Pentagon Federal ) Visa
Old 04-20-2007, 09:52 AM   #2
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Re: Automatic payment option for Penfed ( Pentagon Federal ) Visa

Additionally: On the main screen for your account there is a caption called "Email Alerts" and under this you CAN get an automatic alert for "A preauthorized withdrawal has posted to your account" when the money come out of your Share or Checking account to pay your VISA bill. Since the VISA card comes through Pentagon I would think that this is more than sufficient notification to be sure your VISA bill is paid on time.

Someone else mentioned that the transfer and payment was not transparent. I would think this solves that problem.
__________________

__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Re: Automatic payment option for Penfed ( Pentagon Federal ) Visa
Old 04-20-2007, 11:40 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Re: Automatic payment option for Penfed ( Pentagon Federal ) Visa

Quote:
Originally Posted by OAG
Additionally: On the main screen for your account there is a caption called "Email Alerts" and under this you CAN get an automatic alert for "A preauthorized withdrawal has posted to your account" when the money come out of your Share or Checking account to pay your VISA bill. Since the VISA card comes through Pentagon I would think that this is more than sufficient notification to be sure your VISA bill is paid on time.

Someone else mentioned that the transfer and payment was not transparent. I would think this solves that problem.
Your E-mail alerts sounded like a great idea - when I just checked though it will only allow alerts for the share account or the certificates we have, not for payments direct to the credit card, which is what the original workaround does. Might be able to do sort of a 2 step shuffle to do an ACH to the share account, get notification, and then auto-pay from the share account to the Visa, but I haven't tried that.
__________________
calmloki is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
FDIC/NCUA insurance question (re: Pentagon Federal) magellan_nh FIRE and Money 24 01-10-2007 05:22 PM
Pentagon Federal C.U. CD problem - Credit Card Cut-Throat Other topics 24 01-29-2005 05:24 AM

 

 
All times are GMT -6. The time now is 01:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.