This is a facility under which the credit union will pay the members' standing commitments each month as required by the member.
- Removes the hassle of members having to make their payment obligations physically.
- It's convenient, very low maintenance required.
- It saves time and money that would normally be absorbed in transportation cost.
- Ability to satisfy multiple obligations via one institution.
Key Features & Characteristics
- Funds will be sent to any institution at the end of each month.
- Low service charge.