About me - Maryellen Lee

About me

Featured article by Maryellen Lee

Personal Finance > Banking Basics Problems with automatic bill payments

Automatically paying your bills can be done in two ways: 1. You can sign up through your bank's checking account and your bank is then responsible for sending out the payment. Those may be sent electronically or by a paper check, depending on what the company can accept. You will not be credited for the payment the day it comes out of your account-it will not be credited until the company receives the payment; however, it will be deducted from your account immediately. Another issue can arise when that payment is received by the company you owe. If they have any question as to where to app...

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