And that's why I still pay my monthly bills by check. I get calls everyday from my Utility Company and even my Exxon/Mobile gasoline company to change over to automatic on-line debit billing. I won't do it. I don't want a third party in digital control of my banking system.
Yes, I know it can be a convenience for the consumer. I just don't trust them so they get hard checks in snail mail. It still works when I look at my banking statements.
You won’t have any choice. All financial accounts are going to be eliminated except the social credit system administered by the government. They will give you a certain number of credits at the beginning of the month and allocate them as they see fit. If you don’t obey, you will get no credits that month.
I don't want corporate hands in my accounts, and for a good reason:
It was a September several years ago when I received a bill from Verizon stating I owed them about $1000 because I hadn't paid my cell phone bill since the previous February.
Back then I was still paying by mail but had the ability to go to online and even automatic payments, but I refused. I had to fax my receipts to some Verizon office and was lucky enough to actually get a letter four days later stating I was actually paid up and the charge was a mistake.
If I had automatic bill pay Verizon would have yanked a grand out of my bank account and would probably have just given me credits over the next several months, and back then I really would have been hurt by a withdrawal of that size.
I will never use automatic withdrawal because of the possibility companies may screw up or worse.