BANKING AFFAIRS

Detailed explanation-1: -A customer can schedule an automatic bill payment in several ways: through their bank/financial institution, through a vendor’s website, or through cloud-based accounting software, to list a few. Regular payments can be authorized through the credit card, debit card, checking/savings account, or money market account.

Detailed explanation-2: -Set it up as online bill pay through either your bank or credit card. Do NOT use automated debit transactions. Set up alerts in advance of your bill due dates to make sure you have money to cover the bills. Always check your statements carefully for incorrect, duplicate or fraudulent transactions.

Detailed explanation-3: -Automatic payments or “autopay” is a feature offered by most credit card issuers that allows you to have your balance or minimum payment automatically paid from a bank account when your statement is posted. You can set up autopay with your credit card issuer over the phone or online.