Credit card company won't accept home banking payments

[b4freedom]

Originally Posted by disneysteve

My regular checking account that I use for bill pay earns no interest, so there's no float for me to lose. I only keep enough in there to cover upcoming bills.

Mine earns 0.74%. However, it used to earn about 2%. It is with Netbank. They are not doing so well anymore, so I'm looking into the Electric Orange account with ING. Anyone use it? I got a 1/2 dozen questions for you.

When banks first started offering Bill Pay , I tried it and found it to be too unrealiable. I even tried it at other banks. In one situation, I tried to pay myself, just to see what happens. I put in to pay a bill to myself for $50 five days before the due date. They took out the funds on the date that the check was supposedly issued. But when I got the check two weeks later, and looked at the postal mark, it was 3 days after the due date.

[wyozozo]

Originally Posted by poundwise

My bank does not do this. If the payment is paid electronically (my electric bill is, for instance, an e-bill I receive through the banking system) then the money comes out when the payment is made, however, other payments, that a check is issued for, do not come out until the check is presented/cleared.

Still, as disneysteve said regarding his account, I do not have interest checking so I'm not really losing/gaining anything either way.

Mine is set up the same way.

[DebbieL]

I've never heard of anything of the sort. I've always paid my credit card through online banking with no problems. I would drop that card in a heartbeat if I were her. I have a CIBC Visa (I'm in Canada), a CapitalOne Mastercard, and a few store cards. Never had a problem whatsoever.