Push or Pull to Alleviate Stress

Blog Author Marino Napalan

Written by: Marino Napalan

Published: August 30, 2017

Found in: Services

Paying bills is typically not one of our favorite activities. Unfortunately, bills are almost unavoidable whether you are just starting out in life, or have been around the block a few times. There is the recurring cell phone bill, cable, internet, utilities, gym membership, etc. Do not forget the car payment and the mortgage loan. The list can go on and on depending on where you are in life. Fortunately, there are options to make recurring payments easier.

Push or Pull to Alleviate Stress

The benefits of pushing and pulling are not just from exercising. You can push or pull funds to pay your bills or loans. For example, if you have an auto loan at WSECU and your checking account is with another financial institution, WSECU can pull your payment automatically each month from your account at another financial institution. We would just need your authorization and your account information. Alternatively, you can ask your other financial institution if they can push the funds to your loan at WSECU. Make sure to ask if there is a fee for the service before picking the right option for you. If your checking account is at WSECU, you can then sign up for automatic transfer from your checking or savings account.

You can also push or pull funds to pay for recurring expenses such as utility bills. For example, Puget Sound Energy's website gives you the option to set up recurring payments from your checking account. PSE could automatically pull funds each month for the amount due. Alternatively, you can use WSECU's Bill Pay and set up recurring payments to push funds to the service providers. The Bill Pay option in Online Banking allows you to review the upcoming transactions each month, cancel or easily make changes if necessary.

Bank Account, Credit or Debit Card

Depending on the merchant, you may have an option to pay using your bank account, credit card or debit card. Each option has its advantages and disadvantages. Withdrawals from a bank account are typically free. Make sure that you check if there is a fee for using a credit or debit card for one-time or recurring payments. If there is no charge for using a debit or credit card, you may want to look into the benefits and protection offered by Visa® or MasterCard® when using a debit or credit card for payment. If your credit or debit card comes with Reward points or a rebate, those perks could help make recurring payments pay off to some extent.

There are many options to help alleviate the stress from recurring bills. Carefully evaluate the best option for each situation. Once you have picked the best option, hopefully, you can set it and forget it...or at least not worry about paying those recurring bills as much.

Marino Napalan, Payments Product Manager