Making payments from your bank

TheSpeculator · ‎04-11-2013

I only use mobile apps or the credit company's website to log in and pay. Do you find any benefit from pushing payments directly from your bank account?

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enharu · ‎04-11-2013

if it's the same bank, usually the credit becomes available right away.

i think it's just a lot more convenient than having to drop by a branch or mail stuff. it's easy to track too. if the mail gets lost, it's just one big mess as well.

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TheSpeculator · ‎04-11-2013

True. Making payments from Chase to Chase gives me that credit immediately (very convenient). However I haven't had any other use cases.

Good morning

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kevinjjc · ‎04-11-2013

I personally prefer to make payments using each of my credit card's website.

blondy250 · ‎04-11-2013

It helps with Citibank if you can't or don't meet the minimum balance requirement (6K) in your checking/savings account. If you make a payment directly from your account they waive the $15 monthly fee.

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MovingForward_2012 · ‎04-11-2013

I bank with a credit union so nothing is linked. I like to pay with the mobile apps for Chase, Discover, Cap1, and Barclays. BB and Orchard get paid through website because they don't have mobile apps.

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broseph23 · ‎04-11-2013

American Express also takes payments immediately on their mobile app. The available credit will reflect payments immediately and then the actual payment activity (balance) will reflect the next day--even Sundays!

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andre181 · ‎04-11-2013

I prefer to push payment from Wells Fargo's bill pay site because I don't have to log into every CCC's website and make individual payments. With WF bill pay, I just enter amounts and hit sumbit. Its just quicker and more convenient.

Also, I like Bill Pay better because the money is gone out of my account by the next day. Using the CCC's websites, it sometimes takes 3-4 days for the ACH payment to clear.

09Lexie · ‎04-11-2013

I bank with CUs too so I make my payments through the cc's website.

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TheSpeculator · ‎04-11-2013

Andre thanks for your comment. I see how that can make an easier work flow.

Brosef, the avail showing up instantly- I noticed that today. Is that new?

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