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Using ACH EFT ServicesPaying bills is just a part of life. Few people enjoy sitting down, writing checks, searching for stamps, and then having to remember to send the bill off. However, failing to pay bills on time can result in a number of problems for people, including loss of services or ruined credit. For this reason, a number of people are turning to Automated Clearing House/Electronic Fund Ttransfer services to pay their bills. ACH/EFT services work like direct deposit in reverse - each month, the bills you would like to come directly out of your account and automatically debited, so there is no need to write out checks and send off bills anymore.
Some of the benefits of using ACH EFT services include: - Simplified bill payments. Consumers never have to deal with the hassle of writing checks and making sure bills are sent on time. The payments are automatically debited, so even if you're out of town, your bills will still be on time. How Does ACH EFT Work? 1) First, the customer gives written authorization for a company to debit payments from a checking or savings account and then gives account number information. Most companies prefer their customers use ACH EFT services for a number of reasons, mainly so the payments are made on time and it is easier and more efficient for all involved. Signing up for ACH EFT is very simple. Generally, a company will even include the forms on occasion in the monthly bill, and you simply fill out the information and return it. If not, you can easily call the company's billing department and have them set it up. Many banks also offer this service, sometimes for free, and sometimes with a fee associated with it.
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