Sending A Payment
Date: Mon, 09/17/2007 - 07:25
Quote:
"We reserve the right to process checks electronically by transmitting the routing, account, and check number to the bank. By submitting a check, you authorize us to initiate an electronic debit from your account. A returned check mya be collected electronically if it is returned for insufficent funds." |
What does that mean?
It means that they can reinput your information into their syste
It means that they can reinput your information into their systen and send it as an electrinic payment (ACH)instead of a paper check. If you feel weird about that then just mail them a money order.
I would personally just mail them a money order and not give out
I would personally just mail them a money order and not give out ur banking info to anyone. I've just become very paranoid these days with just anyone having my personal banking info. Also, if u go to WalMart and write a check that's how they do it now, they don't actually wait for ur check to clear the take ur numbers and it's actually like a debit card transaction.
hope this helps some,
Ang
I have had a few experiences with my banking info being passed a
I have had a few experiences with my banking info being passed along to a marketing company..and as a result my account has been debited for a debit card(I never applied for) or a bill I did not owe. I have learned even at Wal-Mart not to give them a check..somehow your banking info has to be recorded. I don't think they need to know my personal banking info..I just use my bank debit card whenever I purchase something from them.
SO do i now Laura since they started doing this with checks. A
SO do i now Laura since they started doing this with checks.
Ang
I do my best to never write checks anymore. I just prefer to use
I do my best to never write checks anymore. I just prefer to use my check card for things. If I need to mail a payment somewhere I just send them a money order. You can use your debt card at Wal-Mart now to get a money order and it is only 25 cebts!.
I have a checkless checking account. I know that sounds crazy,
I have a checkless checking account. I know that sounds crazy, but I do and I love it.
Checkless huh? Can u plz explain a little more? Thanks, Ang
Checkless huh? Can u plz explain a little more?
Thanks,
Ang