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Old 12-01-2009, 12:53 AM   #1
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Paying Bills Online

My brother is working in the town tax collectors office, logging and crediting tax payments. Most people wait until the last minute, or close to it, to pay their taxes, and sometimes don't make the deadline. There have been numerous people claiming they paid online, the money is gone from their checking account, but the tax office has not received it.

It turns out, if you go to the tax office website, and enter your bank information, the money is transfered right away... piece of cake.
But, if you go to the bank's website, and tell them to pay the bill, they mail a check. Worse than that, the bank relies on a third party to mail the check. These check-mailers provide the bank with this service for free, working on float. So the money is gone from your checking account right away, but the check may not be mailed for a week.

I know there is more than one or two banks doing this, but I don't know how widespread this is. You might question your bank as to how they work, if you have this problem. OK?
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