Corporate ORphan
Recycles dryer sheets
- Joined
- Sep 21, 2010
- Messages
- 250
Our credit union started offering an option to have certain bills sent and paid electronically through them. The catch is you have to set up an online account with the firm, such as an utility, and give the CU your logon info. The CU will send you the bill electronically and also automatically pay the bill.
We are retired and would like to travel. We have heard horror stories about companies that have access to pull the money from your banking account (hard to cancel, etc.) so we thought this was a better alternative. THe only issue we see is how secure would your info be with the CU?
We have had our personal info compromised by my former mega-company employer (a laptop stolen out of a car) and when we applied for individual health insurance, the company sent our application with our credit card #, medical history for 10 years, etc. to the wrong address. Both times, they pleaded incompetence and said we just needed to monitor our accounts. Recently, Sony had millions of their account's credit card info compromised. Based on this, we are a little shy giving any logon info out but don't want to have to overpay our bills for a month so we can travel.
Anyone have any experience with this type of service?
We are retired and would like to travel. We have heard horror stories about companies that have access to pull the money from your banking account (hard to cancel, etc.) so we thought this was a better alternative. THe only issue we see is how secure would your info be with the CU?
We have had our personal info compromised by my former mega-company employer (a laptop stolen out of a car) and when we applied for individual health insurance, the company sent our application with our credit card #, medical history for 10 years, etc. to the wrong address. Both times, they pleaded incompetence and said we just needed to monitor our accounts. Recently, Sony had millions of their account's credit card info compromised. Based on this, we are a little shy giving any logon info out but don't want to have to overpay our bills for a month so we can travel.
Anyone have any experience with this type of service?