I am using electronic transfers for most of my checking transactions.
There is no delay. My bank and the payee generally show the same date.
This has been speeded up in the last few months, even for paper checks. In
many cases because banks no longer need send the paper check but use an
image transferred electronically.
yea me too .. sort of
online checking with my bank, it's like having free envelopes and postage
and real easy!
Bill comes in mail, open it, connect to my account, schedule payment for a
day before the due date and forget about it.
Some they pay direct transfer, some they mail with enough lead time to cover
mail delivery - I leave that up to the bank and payee to decide - as far as
I'm concerned its a mailed check which I get a cancelled copy of once per
month with the statement. Can send a check to anybody in the US - they say
allow five banking days max for it to reach their mailbox. Can't send a us
dollars check out of the us though - Oh well- someday.
You have to be careful though, some credit card companies lay a trap for
you. MBNA in particular.
I've had an account with them for about 10 years. I went to electronic
payment since it was easier. Most times I carry no balance, but once in a
while a big purchase can stretch a few months. A few months back, I had a
payment due on a Monday. I sort of forgot about it until the Friday
before. They require a 2 day advance notice on the electronic payments. I
set up the payment, but it would not be accepted for posting until the
following Tuesday, making me late. They also charged a late fee.
I called to complain stating that every other bill I pay on lines will post
either the same day or the next. This is the 21st century and there is no
reason for the delay except to trap people close tot he pay date. The reply
was that I could have paid by phone ($15 charge for the privilege) or just
pay sooner. As you can imagine, the account was closed that day.
I pay my electric bill, phone bill, cell phone bill, newspaper and have
never encountered a problem. MBNA is hoping to trap suckers and get
excessive late fees.
You could have just used Next Month Online. They will postpone your
payment until the next billing month. I use them whenever I get myself
in to situations like that. If you want to check them out, their
address is www.NextMonthOnline.com
I have been caught by that once or twice, and I call as soon as I get
the next statement and ask them to waive the late fee. They always do
*if* you are a good customer and the slightly late payment is already
posted. Note that a history of late payments makes you not a good
customer for a while, so don't try to do this more than once or twice
with the same company unless years have passed since the last time.
I haven't been late with paying MBNA, so don't know how it goes.
I've had an account with Citi for years. I know some don't like them, but I've
had luck with them. One time, I put the check in the mailbox to be picked up
by the postal worker and found it days later in the snow. I called them and
they waived the fee. I had to call them again about doing a phone transfer of
funds or something, and the other person I talked to knew the whole story and
we had a laugh. Also, I opened the account in only my name, and my husband had
to fly back for his mother's funeral and needed to rent a car; they delivered
his own card to him to our house the next day. The main thing I don't like
about them is that when you call about something they often do this spiel to
try to make me buy into other "services."
Couple of credit cards, a library card, driver's license and car
insurance verification, lawyers business card (with home phone number)
don't ask why, atm card, coupon for a fee dozen eggs with next 5 dollar
purchase at Sav-a-lot, two dollar bill, pocket comb that hangs out and is
rarely used, health insurance card, credit card receipts. I carry my
walk around money in my left front pocket, change and pocket knife in my
right front pocket, car keys in right front pocket or coat pocket.
Basically if I can't afford it, I don't buy it, I keep the credit cards
paid off. That's my system. I learned to charge beer and cigarettes at
the convenience store and it will be counted as a gas purchase and I get
more cash back rewards on the credit card, my thanks to those that run a
balance on their cards.
Happy Holidays to All
On Thu, 23 Dec 2004 17:43:50 -0600, snipped-for-privacy@UNLISTED.com wrote:
I stopped carrying credit cards years ago (it really puts the stop on
compulsive buying). In my wallet I have a driver's license, library
card, proof of car insurance, a spare car key, and a folded up
template to buy a pot lid that I needed for the past 10 months.
I would suggest to get one widely-accepted card and carry it at least
when traveling--they can be a life-saver should some unexpected problem
arise when you're not at home...
I use them routinely to avoid writing many checks for individual items
but pay the bill when it comes. I am able to avoid compulsive
buying...shopping is not on my list of things I like to do...
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