Quote:
Originally Posted by Sirtel
Most of the recurring payments are automated here too. Of course you can choose to pay them yourself, but why bother. Only very rarely has something gone wrong with automated withdrawals and then it's been all over the news in big bold headlines (never happened to me personally). So the banks and utility companies are very careful about such things.
One of the few benefits of living in a tiny country.  There's not much going on here that's not grabbed up by media and immediately put into headlines. |
Our car insurance payments are auto withdrawn from our checking account. One month last year my bank called to let me know that the insurance company had submitted debit for $14,000.00 for my monthly payment. It is a national Insurance Company and I called them after telling the bank I was not authorizing the payment. Someone had mixed up accounts and they were trying to debit me for a companies fleet insurance payment. They quickly rectified matters.
Some times human oversite, as in the case of the bank is great. And some times human oversite, in the case of the insurance company can cause all kinds of grief if not caught early enough.
Apache