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Electronic Funds Transfers -- good, bad, ugly?	by Concept	2005-12-19 10:49:52
You're vulnerable in a thousand ways. A utility	by bobmon	2005-12-19 11:00:33
or cable co. or such is not your biggest danger, in my view --- even assuming a corrupt employee, there are enough other electronic customers that your odds are low. A corrupt employee at your bank is a far greater danger. I say go with it. Mailing or phoning in a payment-by-credit-card every month opens many more weak points. One more point: The EFT payments should show up on your bank statements, so you have a clear record if something does go wrong, and someone specific to blame --- either the creditor collected an unauthorized payment, or the bank paid out something they shouldn't have accepted. I really think you're safer this way than with individual payments.
[ Reply ]
Thanks for the note	by Concept	2005-12-19 11:03:39

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