Each of us pays for several bills within a month. We are talking about phone and media bills, about installments paid in banks, etc. Certainly, paying bills on time can cause us problems from time to time, because we can simply forget about it. And it is known that if we do not pay something on time, we may have different kinds of problems because of this. Therefore, it is best to find a solution that will allow the bills to pay off themselves, and we would not have to remember them.
Banks meet us and offer us solutions that will make timely repayment of liabilities the responsibility of these institutions, and our only obligation will be to regularly fund the account so that there are no funds for bills. So what can we choose? The most popular facilitation offered by banks is a fixed order or direct debit. We can choose one of them, of course, according to our choice.
The first way to get rid of billing problems is by direct debit. This is a bank’s service, which consists in debiting our account by the creditor. As it is easy to guess, we must first agree on this for both the creditor and the bank. When we have a bill to pay, our creditor will issue an invoice for us and also provide information to the bank in which he will inform you about the amount we have to pay, as well as the date. Without our participation, the bank will pay for our account, of course, if the account has sufficient funds. If we disagree with the invoice, we have the right to cancel the transaction and to file a complaint.
Another way to pay bills is to constantly order. It is a service thanks to which the bank will perform a fixed-amount transfer and a specified date on the account indicated by us. A permanent order will be executed until we modify or cancel it. And of course if there are funds in your account. Usually, we use a fixed order for repayment of loan installments with equal installments, because we are sure that they will not change.
Which solution is better? A lot depends on the type of bills or our habits. If the amount of our invoices is not constant, the payment order will be a better solution. For we will not have any overpayments or underpaids. In the case of equal payments, it is worth paying bills by means of a standing order.
Is it worth using such solutions? Certainly yes. And although some people say that by directing a payment or a permanent order they lose control over their finances, however, there are far fewer of them, as evidenced by the constantly increasing number of direct debits and standing orders that are carried out at banks.