It can be taken to the next level. I have an account just to handle
bills. I automate that as much as
possible. I get a statement that tells me how much a bill is and when
it will be taken. They take it
on the due date, which is the last date. The "float" is mine to keep.
Some items that can't be
automated with a direct withdrawal go to a credit card which itself has
been automated to the account.
A deposit into that account is also automatic. I keep about an extra
months of funds in the account
just in case. Nothing is ever late and no expense or hassle on my
part. Maybe twice a year at most I
might adjust the balance on the account. I'm down to 2 checks with
credit cards that I use and vary
widely in the monthly amount. Even with those the "minimum payment" is
automatic. The worse case
is if I don't then pay the full balance on time I could pay a finance
charge but no late penalties or default
risks. .
I like free and no hassle!! Works well with all except for me I
don't want PayPal in my accounts. I
insulate myself from them by using a credit card with those that insist
as that for a method of payment.
Bob
Ron Davies wrote:
>Al:
>That's one small advantage of paying your bills online.
>You don't pay postage. You don't buy envelopes.
>I use WAMU and the way they make their money is on the float.
>I electronically write the check and it is immediately taken from my account
>but the recipient doesn't get it for 4 days.
>Ron O. Davies
>
>-----------------------------
>
>Nope. I had to pony up 43 cents in postage to pay an 8 cent bill! Who
>knows what the cost to them is to actually process it....
>
>
>Al Fuller
>'62 BT-7
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