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I am sick of having to writing a check every month for my rent, It seems like it is always the 1st of the month. I am wondering if there is anyone in this forum who pays their rent online? If so please share your experience...
I pay my mortgage online... but that's in The Netherlands where it is pretty common to pay bills online and the use of personal cheques is something from over 20 years ago.
Just a quick question: If you give your landlord a cheque on the 1st, is it possible he/she does not cash it until, let's say, months later? If that's the case, how can you ever be prepared for that?
Okay, being from Europe too, I don't pay with checks at all.
Our mortgage is automatically drawn by the bank from our accounts. No need to have so much work every month. Most things like insurances, gas, and other monthly expenses are drawn directly by the companies which is very effective and not dangerous at all.
I have 2 tenants who pay on-line every month. I get a check in the mail and it usually arrives before the first. I haven't looked at the dates of the checks, I never deposit them until the 1st, when the rent is due.
I pay all my bills on-line, including mortgage. The bank marks them as electronic. The bank doesn't even do a check. It's all eklectronic. I set up the usual and regular payment accounts and pay them every month. I never do automatic payments. I go to the "bother" of filling out the monthly bills to be paid. It takes about 30 minutes a month to pay the bills. Love it.
I have used my stock broker to pay all my bills when I traveled alot, but that was an expensive convience. You may be able to transfer money with PayPal
For those that dont have e-pay/ebill BofA will mail a paper cert check to be delievered on the date you specify, and its on that date the funds come out of the account.
So no more:
buying stamps
keeping a check register
Writing Checks
Waiting for people to cash checks
and its Overdraft Proof, if the funds arent in the account bill doesnt get paid and you're emailed.
Several of my tenants have set up an automatic bill pay through their banks and the checks are mailed directly to me. I always get them a few days before the lst of the month, but I don't deposit until the 2nd or 3rd. It's a great way to collect the rents !!
I would love to pay my rent online. For that matter, I would love to pay by check!
I have a pretty nice house, but the property management company deals mostly (about 95%) with run-down low-income housing, so their policy is that they ONLY accept cashier's check or money order.
I'll have to check out the online payment option when we move!
I prefer a check because you hold onto your money a little longer that way and earn interest on it. When you do an online bill payment, it takes your money out early. A difference of 60 cents a month may not sound like much but it would buy me a magazine subscription.. :P
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