Is there an easy way for regular consumers to set up recurring payments in a "push" configuration (i.e. from my bank to someone else's) rather than "pull" configuration (i.e. most subscriptions where the service charges a credit card on an interval)?
I split a T-Mobile multi-line plan with a few friends where I'm the payer, and I remember looking into this a while back to help them pay their share on time and without hassle, but coming up empty.
Feels like it would be useful for paying for something like Mullvad too, but I feel like there are benefits to that model that reaches beyond the individual use cases I mentioned.
It'd allow me to manage money going out of my account from 1 centralized location, making money flow more predictable and less chaotic than the status quo where a random amount of money is pulled out of my account from various credit cards every month, and I have to log into each account separately to figure out how much.
Your bank/financial institution should be able to do this at least from a bank account to a bank account. I have "pull" payments for organisations I'm ok with and "push" for others. The only issue I have is the "push" amounts are fixed and must be renewed every two years. (Edit: I don't think this will work with the VPN though as it needs a domestic account to push to, otherwise fees are high)
Is there an easy way for regular consumers to set up recurring payments in a "push" configuration (i.e. from my bank to someone else's) rather than "pull" configuration (i.e. most subscriptions where the service charges a credit card on an interval)?
I split a T-Mobile multi-line plan with a few friends where I'm the payer, and I remember looking into this a while back to help them pay their share on time and without hassle, but coming up empty.
Feels like it would be useful for paying for something like Mullvad too, but I feel like there are benefits to that model that reaches beyond the individual use cases I mentioned.
It'd allow me to manage money going out of my account from 1 centralized location, making money flow more predictable and less chaotic than the status quo where a random amount of money is pulled out of my account from various credit cards every month, and I have to log into each account separately to figure out how much.