Credit card company won't accept home banking payments

[disneysteve]

All of my bills are either direct debited from my checking account (so I don't even have to do anything to pay them) or charged to one of two credit cards.

So all I have to schedule is 2 payments per month to take care of everything (one more if I went wild and crazy and used a third credit card!).

This is exactly what I do. All of our bills are either auto-withdrawals or charged to one of two reward credit cards. I only actually pay 2 bills per month manually and I use home banking for that.

[JoyJoy]

I like having my confirmation# in my file and that's why I go from site to site and pay my bills. Hubby and I split the bills so really it isn't a problem. If the bills are automatically deducted from one or two cards each month then it shouldn't be a problem of going from site to site!!!

Different strokes for different folks!

[b4freedom]

She also has to call her bank, Commerce, because she has the returned check and the money has already come out of her account, so she needs to find out what to do about that.

This is what I hate about the online bill pay feature that banks offer. They withdraw the funds as soon as the check is issued. So, you lose the float. And, more often then not, you can't see when the check cleared. Furthermore, you have to ask for your money back if the check is returned.

Most small and medium sized banks don't actually issue the checks. They outsource that feature to another company.

The bill pay checks most often don't even have signatures. A lot of the forged checks come from what look like bank checks because they don't require signatures.

If the credit card doesn't accept third party checks it should have been disclosed to you.

Was it really a "third party check"? Is the routing number different then your own checking account number?

[disneysteve]

This is what I hate about the online bill pay feature that banks offer. They withdraw the funds as soon as the check is issued. So, you lose the float.

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.

[poundwise]

This is what I hate about the online bill pay feature that banks offer. They withdraw the funds as soon as the check is issued.

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.

[b4freedom]

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]

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.