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I think most bank's, websites already allow for this. Look under payees or pay bills
by wppick 9y ago
I think most bank's, websites already allow for this. Look under payees or pay bills
- cookiecaper 9y agoIn my experience, this is only the case if you set up the payment through the bank's automatic payment system, which typically uses paper checks (but may do an electronic deposit for some payees who have specially registered). Most subscription-based businesses that go to your bank account get an authorization to do an "ACH pull". In some instances, this authorization alone can act as collateral (e.g., in securing payday loans or medical payment agreements). As such, I would assume that allowing consumers to revoke the authorization is more problematic than it sounds.
- crispytx 9y agoThat's right, the banks often send paper checks. Automatic bill pay is shit.