F.I.R.E User
Thinks s/he gets paid by the post
Auto pay and paperless for everything.
Exactly my experience.
I auto pay for bills that are the same every month. For instance, the cable and cell phone bill.
For others that vary from month to month I like to take a look see to find out why before I pay.
I've always used credit card auto-pay to pay for USAA. Free cashback!
Yes, yes and yes. Have never had an issue and am never late paying a bill. Just need to make sure you fund your checking account as needed.I have a new responsibility in retirement where I now am paying the utility bills.
Presently I am paying house bills monthly on-line. I am wondering if should I set up autopay for most of bills? Do you trust the bank and or credit card pay method on-line?
I have a new responsibility in retirement where I now am paying the utility bills.
Presently I am paying house bills monthly on-line. I am wondering if should I set up autopay for most of bills? Do you trust the bank and or credit card pay method on-line?
I have a new responsibility in retirement where I now am paying the utility bills.
Presently I am paying house bills monthly on-line. I am wondering if should I set up autopay for most of bills? Do you trust the bank and or credit card pay method on-line?
Yes, yes and yes. Have never had an issue and am never late paying a bill. Just need to make sure you fund your checking account as needed.
Remember writing checks and stamps for envelopes and the hours involved! Auto pay is great!
Hum... external credit card to pay a monthly billing plan with autopay?
When I set up monthly billing with autopay I am certain only debit was allowed but it's been years (I never willingly pass up rewards -especially on one of my largest bills). I see I can add an external credit card to my USAA payment options online. I may have to change but am still skeptical they'd eat the merchant fees and will have to look for the fine print before I change my payment method.
ETA: I believe I would lose my Auto Payment Plan discount on my policy if I changed the method to credit card. Currently it's about 2% which is what I'd get in points using my catch-all cash back card. They don't have state specific "details and restrictions" online so I'd have to call to verify. Might be 6 or 1/2 dozen for me but I'll ask next time I have to call them.
How often do you find error charges?
I transfer what I need over to bank checking monthly (automated and tweaked as needed) from the interest bearing account, so it’s no big deal, good enough. Some of my bills are paid from brokerage CMA and those funds are otherwise in MM fund paying a high rate these days. I also use a high yield savings account for the federal tax payments, those are much larger amounts scheduled well in advance.Most people here seem to be pulling money from their checking accounts. Why not an interest bearing account?
We pay our cc bills from our Cap One performance savings account and earn interest on the balance.