Q on e-payments
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Q on e-payments
| Wed, 11-09-2005 - 11:54pm |
Hi, everyone. ANother question and debate with DH. I e-pay the car payment online. For this "privilege" the site debits my checking account and charges a $13 fee each month. I say it is worth it, so as not to be late, as one time I couldnt find the statement as the company which handled the car payment was bought out by another. Now, as far as I know, other companies dont charge a "handling" fee for paying on-line. DH says it is a waste of $$$ to do it this way. However, I point out that by paying more online, we're saving stamps, get instant notification that bill has been paid, etc. Anyone have experience with any hidden fees on e-payments? Or comments? Thanks. Whiz.

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Sorry Whiz,
I have to agree with your husband here. The $13 at the end of the year is $156 extra that you could put towards the debt.
I use my online banking. Its free and really easy to use. Then a couple days later I log onto the internet and make sure the payment got to the destination for the important payments, mortgage, auto & credit cards.
Shannon
I'm going to have to agree with the others $13/month is rather steep for having the privelege of sending them money.
Becky
CL of 4th, 5th & 6th grade Scoliosis
Yes that is very steep especially as it is only one payment a month. I pay just about everything through my bank's web-site. I pay $9.95 a month for that privilege but that also allows me to down load all my transactions into Quicken which will hopefully help me track my expenses more closely.
I have an automatic payment set up for my bills that don't vary like the car payment and rent and haven't had a problem with the payment getting to the lender on time. But then I'm starting to get to the point that I micro manage my money.
I pay almost all my bills online, including my car payment, all for free.
$13 a month??!
All my best,
Danni
I don't pay any fees for my online payments.
Pat :-D
I go to the websites too, but all the one's I use are free (if they aren't free, I don't use them).
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