Bank Of America Bill Pay - Set It And Forget It? Maybe Not
Posted in Money on Oct 8th, 2007 2 Comments »
Now I’ve been reading tons of stuff about other people’s experiences with the BoA, but I personally haven’t hadn’t had any problems with them. Up until last week, they’d been my best credit card account. They are my lowest APR that I have on any card, with a relatively high limit, so everything has been great actually. They also have a pretty good Bill Pay program; and therein lies the problem.
The BoA Strikes
Right now my BoA account has a very nice equilibrium going. It’s like a well-balanced ecosystem, where any outside stimuli is gonna cause things to spiral out of control. I have all my outgoing bills set up through the eBill Bill Pay system, including my car payment and internet payment. Because I know the exact amount of every bill, I’ve set up the amount of the incoming payment to the credit card to be the exact amount I need, so the account always goes back to zero (0) by the time the account is due.
