Automatic payments can help you avoid late payment fees on your invoices. However, if you forget to keep track of your account balance and it's too low to make an automatic (or other) payment, you may have to pay overdraft or NSF fees. Both the bank and the company may charge you a commission if there isn't enough money in your account. These fees can add up quickly.
Pay close attention to your bank account balance and upcoming automatic payments to ensure that there will be enough money in your account when the payment is scheduled. Medicare Easy Pay is a free way to set up recurring payments to pay for Medicare premiums. With this service, we'll automatically deduct your Medicare premiums from your checking or savings account every month.