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Not sure what autopay is, here you usually give the lender permission to directly take the money from your account. It’s part of the contract.
by Aaargh20318 3y ago
Not sure what autopay is, here you usually give the lender permission to directly take the money from your account. It’s part of the contract.
- munk-a 3y agoThat's essentially autopay (in effect). Autopay is a cron job for your bank account "Send 200$ to this lender every 15 days" or something similar.
- Aaargh20318 3y agoWe have those too, but that's not exactly the same. Say you have a mortgage with a variable interest rate. A repeated scheduled transaction won't work because the amount can be different each month. Same goes for things like energy bills if you have a flex-contract where you pay the actual amount used each month. In my case they will just take whatever amount is due out of my bank account each month.