>> Same here -- it works great for me. I recently put my (2) electric
>> bills on auto pay with a credit card that gives extra cashback for
>> utility bills. Likewise the annual bill for satellite TV. I pay the
>> credit card off in full each month via online banking. Quick, easy
>> and convenient. I like it. I think we usually write about 2 or 3
>> paper checks a month now. I can't remember the last time I actually
>> went inside my bank (probably about two years ago when I withdrew some
>> cash for a vehicle purchase).
>I don't mind automatic billing to a credit card, though. You always have the
>option of not paying and disputing the charge if the payee makes an error.
As long as I'm 'pushing' the money from my account/credit card, I love
paying electronically. I'll never set up a 'pull' type electronic
payment though. Too much chance for error/abuse.
Chloe wrote:
>> wrote:
>>
>>>> John Baker wrote:
>>>> Electronic payment is becoming the only means to avoid late fees.
>>> It works really well for me, too. I wonder if in addition to getting their
>>> money faster, the card issuers are doing this to attempt to get more and
>>> more customers to switch to electronic payment. That's got to be cheaper
>>> for
>>> them than processing paper checks.
>>>
>>> I've noticed something similar at my bricks and mortar bank, where it
>>> seems
>>> to take longer and longer to get waited on by a human teller. I cut my
>>> aggravation level way down once I started doing every possible transaction
>>> electronically or at the ATM.
>>>
>> Same here -- it works great for me. I recently put my (2) electric
>> bills on auto pay with a credit card that gives extra cashback for
>> utility bills. Likewise the annual bill for satellite TV. I pay the
>> credit card off in full each month via online banking. Quick, easy
>> and convenient. I like it. I think we usually write about 2 or 3
>> paper checks a month now. I can't remember the last time I actually
>> went inside my bank (probably about two years ago when I withdrew some
>> cash for a vehicle purchase).
>
> I hadn't fully gotten with the program until I had a hassle over a bill
> where the payee (a medical office) claimed they never received my check.
> Indeed, whether they received it or not they didn't cash it, but after
> waiting several months to bill me at all, they went straight to a collection
> agency in a matter of a couple weeks. Since DH and I have a high credit
> score and want to keep it that way, this sort of thing unnerves us. That was
> my wake-up call to set up online bill payment for any entity that accepts
> it. I won't set up a month-to-month recurring payment from my checking
> account, though. It may be more convenient, but I want to be spared the
> horror stories of billings run amok that wipe out people's account balances.
>
> I don't mind automatic billing to a credit card, though. You always have the
> option of not paying and disputing the charge if the payee makes an error.
I also pay 99.99% of my bills online through my bank.
Where I differ from you is that I have most of my bills set on automatic
payment. I don't do automatic payments through my credit card and I
don't do automatic payments through any business [letting them debit my
accounts]. My reasoning for that is because if there is ever an error I
just have to go to my bank to fix it. I don't have to hunt down where
the error occurred [and I don't have to give out bank account info to
those businesses].
I've even set up recurring payments for bills that are not the same each
month.
I averaged out my electric bill and send them equal payments [my utility
doesn't have static pay budget billing]. I overpay in winter [I'm in FL
so no heating costs]. I underpay in summer. But I pay the same amount
each month.
With my credit card, I set up a recurring payment for the average amount
I historically charge every month. When I get the bill and I owe more,
I send it in. If I forget [which happened a couple of times] then I'm
hit with a little bit of interest but no late fee. It only took one
time for me to be hit with that huge late fee for me to decide to do a
recurring payment.
..PC
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>> bills on auto pay with a credit card that gives extra cashback for
>> utility bills. Likewise the annual bill for satellite TV. I pay the
>> credit card off in full each month via online banking. Quick, easy
>> and convenient. I like it. I think we usually write about 2 or 3
>> paper checks a month now. I can't remember the last time I actually
>> went inside my bank (probably about two years ago when I withdrew some
>> cash for a vehicle purchase).
>I don't mind automatic billing to a credit card, though. You always have the
>option of not paying and disputing the charge if the payee makes an error.