TangoWhiskey
Touchdown! Greaser!
I pay my bills online, but most of them are not automatic--I review the bill, punch in the amount I want to pay, and submit it.
I'm curious, for those of you using automatic bill pay with your bills... when does the vendor actually debit / charge your payment account? On the bill cycle date (as soon as the bill is generated), on the due date, or somewhere in between?
For the vendors I've looked at so far, I've not been able to determine WHEN they'll debit my account. The single exception is Dish Network... they clearly state that they bill your card on the 19th day after the cycle date, to give you time to review the bill (and challenge, if necessary) before they take the payment.
So, what has your experience been? I'd love the convenience of having all my regular bills paid automatically each month, but am loathe to give that much control over my finances to another company, not knowing exactly when they'll take the payment.
I'm curious, for those of you using automatic bill pay with your bills... when does the vendor actually debit / charge your payment account? On the bill cycle date (as soon as the bill is generated), on the due date, or somewhere in between?
For the vendors I've looked at so far, I've not been able to determine WHEN they'll debit my account. The single exception is Dish Network... they clearly state that they bill your card on the 19th day after the cycle date, to give you time to review the bill (and challenge, if necessary) before they take the payment.
So, what has your experience been? I'd love the convenience of having all my regular bills paid automatically each month, but am loathe to give that much control over my finances to another company, not knowing exactly when they'll take the payment.