Timeline for Tenant wants to pay rent with EFT
Current License: CC BY-SA 3.0
12 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| S Aug 13, 2015 at 20:07 | history | suggested | Kevin Panko | CC BY-SA 3.0 |
spelling fixed
|
| Aug 13, 2015 at 19:41 | review | Suggested edits | |||
| S Aug 13, 2015 at 20:07 | |||||
| Aug 13, 2015 at 14:45 | comment | added | Robert Harvey | @Victor: I didn't know that. | |
| Aug 13, 2015 at 8:47 | comment | added | Amelia | Checks (or Cheques) are all but extinct in the UK. | |
| Aug 13, 2015 at 5:53 | comment | added | Victor | @RobertHarvey - activating automatic payments from your own account is different from authorising service providers to make regular automatic withdrawals from your account. With the former you have total control through your bank. | |
| Aug 12, 2015 at 22:10 | comment | added | Robert Harvey | Attempting to stop such payments puts you into this byzantine rules maze, which I'd just as soon avoid. I've learned about this problem the hard way. Writing checks avoids this whole problem. So yeah, I prefer to retain control, thanks. | |
| Aug 12, 2015 at 21:58 | comment | added | Victor | @RobertHarvey - so you would rather waist your time going to the bank every time the rent is due instead of setting up an automatic payment through your internet banking, which is very easy to cancel through internet banking as well. You simply select the payment schedule and cancel it. Takes less than 5 minutes to setup and less than 5 minutes to cancel. Get into the 21st century already! | |
| Aug 12, 2015 at 6:08 | comment | added | Sumyrda - remember Monica | +1 This is how it's done in Germany by all the landlords I've had so far and the hand full of people I know beyond that who are landlords. I know that this is a US question but it might be helpful to others to know how it's done in Germany. | |
| Aug 12, 2015 at 3:10 | comment | added | Robert Harvey | I recently had a landlord ask to have automatic withdrawal from my checking account set up to pay the rent, and I refused. I don't pay anyone that way; it's too difficult for me to control if problems arise. Instead, I use his bank number and routing information to write a check each month for deposit only and give it to a teller in his bank branch. It deposits (almost) immediately, he doesn't have to bother with depositing my checks, and I don't have to submit to an automated payment scheme. | |
| Aug 11, 2015 at 21:02 | vote | accept | Engineer Toast | ||
| Aug 11, 2015 at 21:02 | comment | added | Engineer Toast | I've ticked this answer because it is detailed, speaks from experience, and mentions a few advantages I hadn't thought of. I gave other helpful answer +1 so all those who contributed can receive some thanks. | |
| Aug 10, 2015 at 21:00 | history | answered | Victor | CC BY-SA 3.0 |