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Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
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Informing the bank of future payments

[ Edited ]
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
Valued Contributor
Posts: 2,708
Registered: ‎10-16-2008
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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.   

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Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
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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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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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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. 

Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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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.
Established Contributor
Posts: 586
Registered: ‎03-03-2009
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Re: Informing the bank of future payments

They will get their money when you have it. Simple as that.
Super Contributor
Posts: 5,744
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Re: Informing the bank of future payments


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

LOL

Senior Contributor
Posts: 4,267
Registered: ‎05-01-2008
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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!  :smileywink:



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Valued Contributor
Posts: 2,681
Registered: ‎07-29-2009
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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.

Frequent Contributor
Posts: 266
Registered: ‎10-04-2009
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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? 

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