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Informing the bank of future payments

Super Contributor

Informing the bank of future payments

Does anyone else contact banks to inform them of a payment you'll make?  I charged $650 to my Capital One card on Feb. 16th.  I sent Cap One an email informing them, I will make a payment of $650 on Feb. 25th.  They replied and said they notated my account.  Is it necessary to contact banks to inform them about making a future payment?  I think it builds a good relationship with the banks.   
Message Edited by DI on 02-26-2010 01:14 PM
Message 1 of 30
29 REPLIES
Valued Contributor

Re: Informing the bank of future payments

Hi, DI!

 

My personal preference is to have as little contact with the banks/card companies as possible.   

Message 2 of 30
Senior Contributor

Re: Informing the bank of future payments


Uborrow-Upay wrote:

Hi, DI!

 

My personal preference is to have as little contact with the banks/card companies as possible.   


ditto.  i pay my bills at my convenience.  i don't inform them of anything, because i might change my mind or something might come up that would take that money.

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Message 3 of 30
Senior Contributor

Re: Informing the bank of future payments

Only when paying by mail and was very close to due date. 

 

Only pay online now, so I see no reason.

 

 

My wife calls and complains when they post the payment but hold the credit limit past a week. 

Message 4 of 30
Senior Contributor

Re: Informing the bank of future payments

The only time I have ever called a bank/credit card company was to inform them I would be on vacation and planned on using the card out of state.
Message 5 of 30
Established Contributor

Re: Informing the bank of future payments

They will get their money when you have it. Simple as that.
Message 6 of 30
Super Contributor

Re: Informing the bank of future payments


YoungEntrepeneur wrote:
They will get their money when you have it. Simple as that.

LOL

Message 7 of 30
Senior Contributor

Re: Informing the bank of future payments


DI wrote:

YoungEntrepeneur wrote:
They will get their money when you have it. Simple as that.

LOL


They will get it before the statement cuts too!  Smiley Wink



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Message 8 of 30
Valued Contributor

Re: Informing the bank of future payments


DI wrote:
Does anyone else contact banks to inform them of a payment you'll make?  I charged $650 to my Capital One card on Feb. 16th.  I sent Cap One an email informing them, I will make a payment of $650 on Feb. 25th.  They replied and said they notated my account.  Is it necessary to contact banks to inform them about making a future payment?  I think it builds a good relationship with the banks.   

Nope...no need to. I want to keep my options open. We always pay before the statements drop, but I want the flexibility of paying when I decide and not because I told them I would.

Message 9 of 30
Frequent Contributor

Re: Informing the bank of future payments

Why?

 

What about this charge or payment made you contact them?

 

What did you hope contacting them would accomplish or avoid? 

Message 10 of 30