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To: Gun142
Ditto. The debit cards leave you with much less protection than credit cards that you pay off every month

I also use automatic bill pay, but I have it set up that my bank pays amounts that I have previously set (monthly mortgage, budgeted gas and electric). For bills that vary from month to month I use “e-bill”. The bank gets the bill and per my set up instructions pays either the total amount due, minimum due or no more than an amount I set. The bank sends emails when the bill comes in and when it is paid

I am not comfortable with the other process where the company is authorized to debit your account. I feel that if they make a mistake they leave me in a position of possibly having to chase them to get back my own money

The only problems I have had were when countrywide and WAMU failed and were taken over I did not catch the fact that eventually the ebills from them stopped and as a result the new banks did not get paid. I was charged late fees, but the new banks, BoA and Chase graciously waived the fees when I discovered and explained the error

I cannot imagine going back to using snail mail. Too often the checks were late because they were forgotten in my jacket pocket or the visor of the car

22 posted on 07/16/2010 3:25:49 PM PDT by John Galt's cousin (Principled Conservatism in 2010 and 2012 * * * * * * * * * * Repeal the 17th Amendment!)
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To: John Galt's cousin
The debit cards leave you with much less protection than credit cards that you pay off every month


Since I got the "cash back card", I've paid it off every week. Well, except once.
Ordered a gun last year and when I picked it up another blue-steeled beauty caught my eye. So did a few accessories.

Impulse shopping at the gun store adds up quick. Paid a little interest on that. Can't really complain, using the card has given me about $200 back.
38 posted on 07/16/2010 11:20:40 PM PDT by Gun142 (Where Will You Be When You Get Where You're Going? -- Jerry Clower)
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