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Will my preauthorized payment be done automatically?


Hi, I recently set up the preauthorized payment with my debit account and was wondering if since this is my first billing cycle if it will be done automatically? The due date for the bill is May 6 and it says on my account that my next pre-authorized payment will be done on May 6. Is it supposed to wait until the last day or is that the next bill?

6 replies

Userlevel 7
Badge +4
It seems that everything is fine, just check your account on the 6th to make sure that the payment was taken to avoid any issues.
Ok, thank you!
Userlevel 5
Yes preauthorised does wait until the last day to withdraw. Nothing to worry about there 🙂
Userlevel 6
Hi Danielle, preauthorized payments are effective after a full billing cycle, so it might take more than 30 days before we take the first payment. I suggest that you make your first payment using a different method, such as online banking. ________________________ If you see a good answer, give it a star.
How can I pay for the first one then? I don't have a credit card so I can't do it that way?
Userlevel 4
Danielle Schultze wrote:

How can I pay for the first one then? I don't have a credit card so I can't do it that way?

Online banking or going right to your bank would be the next quickest ways to manually pay the account before the pre-authorized paymnets go through

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