The Pros and Cons of Autopay

Autopay means automatic withdrawals from your bank account to pay your bills. It’s a very convenient service but it has its pros and cons too.

Pros of Autopay

• Bills are automatically paid on time and so there are no late payments.
• Timely payment of bills means no late fee charges.
• You don’t have to write any checks or wait in queues to submit the bills.
• It saves time and is convenient.
• You don’t have to worry about paying the bills or remembering the due dates.

Cons of Autopay

• You don’t check the bills for undue charges, if there are any and you might end up paying more.
• You lose track of how much you are paying.

But all said and done, autopay is a convenient facility but at the same time, you should periodically check your bills too.