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Consumer Benefits
Direct Payment is safe!
Like Direct Deposits, Direct Payments can never be lost or delayed
in the mail. And since fewer people see or handle Direct Payments
than paper checks, the possibility of a mistake being made is
significantly reduced. If you suspect that a payment has been
made in error or without your authorization, you always have
the right to stop or reverse payment. What's more, companies
are required by law to inform Direct Payment customers of any
rise in their monthly bill at least 10 days before payment is
due. Of course, for your records, all Direct Payments from your
bank account appear on your monthly bank statement.
Direct Payment saves you hassle and money!
Direct Payment can save an average family up to $85 a year in
postage costs. And because your payments are automatic, they
are always on time, ensuring that you avoid late fees. Best
of all, with Direct Payment, you don't have to spend your precious
free time sorting through bills and writing checks.
Direct Payment is full of perks!
Many companies offer special incentives to customers who pay
their bills by Direct Payment. At 1st Source, we typically discount
loans by 1/2% for customers who have their payments automatically
deducted from their 1st Source checking account. And our HomeOwner's
Checking is a free checking account full of benefits and special
savings for 1st Source mortgage customers with Direct Payment.
To find out more about the benefits of Direct
Payment at 1st Source, click
here.
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