Even my credit union in a small town offers Bill Pay with the features described above. You can make a one-time payment or set up recurring payments. If you set up a recurring payment online, versus going into the branch, you can also edit and cancel it online.
If the credit union can do the transfer electronically, they will. That will take two or three business days. If they can't, they ask you to figure on 6-8 business days for a mailed check.
The only thing that gets pulled from my account is the mortgage. Everything else, I push via Bill Pay. I much prefer it that way. So does my credit union. They offer a higher interest rate on checking accounts, if you meet certain requirements. One of those is to be a netizen - accept e-statements and log in to your online account at least once a month. Another is to use your debit card a certain number of times per month - and Internet purchases count :o)
It's definitely worth asking the question of your bank.
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mmmag
no subject
Date: 2010-07-06 11:54 pm (UTC)If the credit union can do the transfer electronically, they will. That will take two or three business days. If they can't, they ask you to figure on 6-8 business days for a mailed check.
The only thing that gets pulled from my account is the mortgage. Everything else, I push via Bill Pay. I much prefer it that way. So does my credit union. They offer a higher interest rate on checking accounts, if you meet certain requirements. One of those is to be a netizen - accept e-statements and log in to your online account at least once a month. Another is to use your debit card a certain number of times per month - and Internet purchases count :o)
It's definitely worth asking the question of your bank.