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It varies by billers, and how much fee they charge on using cards. I prefer autopay for billers on their website where I can add credit card and forget it (for
by aveedibya 6y ago
It varies by billers, and how much fee they charge on using cards. I prefer autopay for billers on their website where I can add credit card and forget it (for ex. telecom and internet bills). For others, such as electric or rent bills, I prefer to pay using ACH but cannot schedule auto pay as I want to make sure I have enough balance in my bank account before making a payment. Plus, ACH has risks of NSF from both sides, which I don't like. I have tried using my bank account to directly pay bills, but not super convenient.
- _megha_agarwal 6y agoThat's a good point you bring up! In this day and age, there is no reason, a customer should have to pay overdraft fees. We always check our customer's bank accounts to make sure they have enough money to make their payments, and never make a charge if that is not the case. So we ensure there are no NSF fees from our side or your bank's. Also, our customers can pay Rent using our virtual credit line, so you won't have to worry about checking your bank balance each time.
- _megha_agarwal 6y agoHere's an interesting CNBC article that estimates late fees, overdrafts and even fraud cost Americans an extra $577 annually. https://www.cnbc.com/2020/07/14/us-households-spend-an-extra-577-dollars-annually-on-hidden-bill-costs.html https://www.cnbc.com/2020/07/14/us-households-spend-an-extra...