Nothing on this earth scares me more than initializing auto-payments from my checking account. Actually, I take that back. If I came home expecting to see Girl Ninja, but instead saw this guy, I’d probably be more freaked out…
…but not by much. I’ve never liked the idea of giving another company permission to access my checking account. In fact, it freaks me out so much that I willingly pay extra fees to manually send the payment each month. Sure it doesn’t make much financial sense to do that, but it sure does give me a peace of mind.
The only company I’ve ever established auto-debit authority to was Sallie Mae, only because it lowered my interest rate by a quarter percent. I flirted with the idea of granting my car insurance and cable provider access to my checking account, but decided it wasn’t worth it after reading horror story upon horror story of the auto-pay feature. For example, one person tried to cancel their auto-payments with their cable provider as they switched service, but three months later, money was still being taken from their account. Or how ’bout the person who agreed for $200 to be taken out each month, but was shocked when $2,000 was extracted. Or the numerous people who unknowingly became delinquent on their car payment because the auto-debit transaction freaked out and didn’t pull the money, but said person never realizes this as the payment is suppose to be automatic, and next thing they know they’re getting harassed by Toyota for being two months late on their car payment.
No sir. I’ll gladly pay a few extra bucks if it means I keep sole access to my bank accounts. Besides, I feel accomplished when I go through each month and manually schedule my payments. I also find comfort in knowing exactly how much will come out of my account. It basically reminds me I’m in control of my money.
Do you use the auto-pay feature on any of your bills? Have you had, or heard of, any auto-debit nightmares? Am I the only one that finds satisfaction in manually paying my bills?
p.s. Did anyone else notice the creepy dude’s inner thighs are tanner than the rest of his body? Does that means he tans with really long tube socks and a long sleeve shirt so that only his groin gets tan? Awkward!