Automatic Payments

Automatic Payments

Automatic Payments

Seba76
I'm a Participant Level 1

Automatic Payments

Hello, I put on the automatic payments in my Fido account. I set it through my banking account insted my credit card. Is it the same? I mean, I read in some forums that making a payment through tha banking account can take until 5 business day to impact. I don't know if that is about automatic payments too. 

Will my bill be payed at time with my ban account automatic payment method? Or it is better to swith it to credit card? Thank You!

 

1 REPLY 1
Cawtau
Senior MVP

Hello Seba76,

 

  Welcome to the community!

 

  You are correct. Payments made via a financial institution can take up to 5 business days to be received. Automatic payments from your bank account could also take that amount of time to be received. However, the automatic payments are usually made with sufficient time before the due date so there shouldn't be any issue with late payments.

 

  You should note that if you just set-up the automatic payments, it might not take effect until your next billing cycle. You would need to manually pay your current bill in order to avoid any missed or late payments.

 

Hope this helps 😀

 

Cheers