What is the disadvantage of automated payment?

[Min George]

Automated payment systems is becoming very popular. And people are making use of it to make sure they don't miss bills that they are supposed to pay. That's an advantage. What are the disadvantages of automated payments?

 

[Augusta]

stopping or modifying automated payments can sometimes be difficult and require advanced notice.

 

[King Belieal]

One disadvantage that I have noticed with automated payments is that you would not be able to keep track of your expenses at times.

 

[Springtime]

One disadvantage of automated payment is that if you find the amount in the bill is not correct, it is troublesome to reverse the payment.

 

[eLdavis]

One major disadvantage is that there are some cases where you may want to use the money for something else but it gets automatically removed which my disrupt your plans.

 

[Augusta]

You lose the ability to choose when to make a payment, which can be problematic if you need to delay a payment due to insufficient fund

 

[King Belieal]

One major disadvantage is that there are some cases where you may want to use the money for something else but it gets automatically removed which my disrupt your plans.

And one thing with automated payments is that they don't waste a second from the due date for the money to be deducted. They don't give you any allowance.

 

[eLdavis]

And one thing with automated payments is that they don't waste a second from the due date for the money to be deducted. They don't give you any allowance.

Lol very true, immediately it gets to the due date, once you have that amount or more in your account they automatically take it.

 

[kit_hung]

One disadvantage that I have noticed with automated payments is that you would not be able to keep track of your expenses at times.

Automated payments have their advantages but they can also be confusing. You just find yourself with less money without knowing where it went, especially if you don't check your statements regularly. Sometimes you pay for services that you don't even use anymore just because they are paid automatically. It's like you're giving money away blindly. It's better to set alerts or check your account regularly so that you don't cry when a dog cries. Technology is great, but if you're not careful, it can throw you off your budget.

 

[Augusta]

Because they are automatic, automated payments are difficult to monitor. You might find it hard to keep track of how many bills you have and which bill is paid

 

[Fidelia]

Automated payments might deduct money that is not even yours simply because it entered your account.

 

[Augusta]

With auto pay, you may run the risk of unexpected overdrafts, miss unexpected charges, and lose manual oversight.