If you are paying electronically why are checks involved anyhow. I have a vehicle loan that involves a monthly direct pay via my checking account; but to do that you automatically need the routing number and the checking account number just to pay it. How can the bank release money without the necessary information and how can a finance company receive same funds without that information?
Exactly. My banking institution, a credit union issues a paper check. Although I do schedule the payment to be sent out in advance of the due date. What is interesting is that my previous payments with them I had no issues and we have had this vehicle for over a year. Why now the issue?
If the “banking institution” or CU’s “electronic” bill pay service doesn’t have a direct electronic link with the payee then they cut a check and mail it...that is why I don’t use my CU’s bill pay service...I go directly to the biller and use their “auto-pay” service...either out of checking or via CC. Am down to one bill that I have to deliver a check to (city utilities)....their “e-pay” service charges a fee to pay online.