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Ask HN: The easiest way to set up an automated recurring payment to a person?
What is the easiest way to set up an automated recurring monthly payment to an individual? E.g. I borrowed x amount from a friend of mine and would like to pay him off in n months. Is any of the existing financial services (Paypal, Venmo, etc. ) offering a feature like this?
- flukus 10y agoYour banks website doesn't have this feature?
- srabeat 10y agoI am using BoA... and No. Do you know if any banks offer this?
- flukus 10y agoI'm in Australia so my recommendations are probably irrelevant. I just find it hard to believe that any bank wouldn't have it, it's a feature I was using 12 years ago.
- codegeek 10y agoHave you checked with BoA ? I found their online article and it does say that you can setup recurring payments through online bill pay service. https://www.bankofamerica.com/onlinebanking/online-bill-pay.go https://www.bankofamerica.com/onlinebanking/online-bill-pay....
- srabeat 9y agoNot relevant to personal transactions...
- npratini 10y agoCharles Schwab allows you to schedule recurring check payments - you just give them the person's name and address, and a check will show up in their mailbox.
- tedmiston 10y agoMy banks offer a similar feature but each only to other people who use the same bank and it requires getting a sensitive account number or linking. It'd be ideal to be able to schedule a recurring payment or request in Venmo.
- twobyfour 10y agoPretty sure PayPal does. But like someone else said, so do most banks.
- srabeat 9y agoOddly enough Paypal doesn't! You would expect something like Venmo does it too but I haven't found anything yet