Why does my preauthorized payment come out before the date on my bill?
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Pre-authorized payments are withdrawn approximately 15 days before the last day of your next month’s billing cycle.
This gives you time to make an additional payment or fix any errors if something goes wrong. I know that I would rather have a couple of weeks to straighten out a payment that didn’t go through than have a hit to my credit!
So if the date on the bill is the 8th but it comes out before that, it is normal?
So if the date on the bill is the 8th but it comes out before that, it is normal?
Yup! They’re usually pretty good about sticking to the 15 day mark exactly.
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