10-24-2012, 11:15 AM
I’ve closed bank accounts with auto-payments with no negative consequences, but they were for subscription based services (Vonage, etc.) vs a credit card payment or mortgage.
They are not set up as drafts to a checking account, but rather, to a debit card on the checking account, which gives them far less maneuvering room to add any fees unless you agreed to such.
I would suggest you PRE-pay the accounts a few days early, speak to a human to ensure the account info has changed and that NEXT month will be from the new account, and if you can do it in person, all the better, because the old bank will have to take the fall for fscking up (to the extent it does) if there is a double post, etc.
In addition, depending on the draft — car insurance, etc. again - write a check for the final month on the old account, and already have ERASED your previous info from their brain. DO NOT UPDATE IT until after each current month has been cashed/applied.
They seem to offer great abilities to sign you up and bill you THIS SECOND!!! - but the “it takes us 10-14 days, and your billing/withdrawal MAY NOT be able to be stopped…” when you tell the fscks to STOP.
So use that - process the old way, and as soon as it is done, THEN give them your new account info online - and verify with a phone idiot (with time/date/name/badge # and/or call reference number) so THEY TOO will have to eat their own error if they mistakenly charge your bank after departing.
They are not set up as drafts to a checking account, but rather, to a debit card on the checking account, which gives them far less maneuvering room to add any fees unless you agreed to such.
I would suggest you PRE-pay the accounts a few days early, speak to a human to ensure the account info has changed and that NEXT month will be from the new account, and if you can do it in person, all the better, because the old bank will have to take the fall for fscking up (to the extent it does) if there is a double post, etc.
In addition, depending on the draft — car insurance, etc. again - write a check for the final month on the old account, and already have ERASED your previous info from their brain. DO NOT UPDATE IT until after each current month has been cashed/applied.
They seem to offer great abilities to sign you up and bill you THIS SECOND!!! - but the “it takes us 10-14 days, and your billing/withdrawal MAY NOT be able to be stopped…” when you tell the fscks to STOP.
So use that - process the old way, and as soon as it is done, THEN give them your new account info online - and verify with a phone idiot (with time/date/name/badge # and/or call reference number) so THEY TOO will have to eat their own error if they mistakenly charge your bank after departing.