Preauthorize payments

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  • Updated 5 years ago
  • Answered
I have my bill payments preauthorize.
When do they charge it to the credit card? The day it is due or when I get the e-bill?
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Posted 5 years ago

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Timo Tuokkola, Mobile Master

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For credit card payments it is on the due date. Not sure about pre-auth debit from a bank account but I believe it's the same.
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Yeap timo... Both should be on the due date...
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Due date depends on the billing cycle date, (Koodo has about 16 billing cycles).
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Mathew Ladouceur

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If you have preautthorized payements, they usually retreive the money on the due date witch is a few days before the billing cycle restarts.

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