Originally Posted by
trikotret
That's kinda scary to get shut down even with Auto pay setup. I'm sure the majority of us have Auto pay. Doesn't make sense to pay when you have a negative balance. There's really nothing to pay when it's a negative balance. If it's a system glitch, Chase needs to fix it. Sucks for OP.
I understand MANY like AutoPay but most do not realize when AutoPay went wrong, it could go VERY WRONG. We have Zero AutoPay set up for any of our accounts - from credit cards to utilities - after suffered from a bad consequence Decades ago, (long before blogs and such), I swore never use AutoPay again.
What people should do is to set up ALERT in all your card accounts, to get an ALERT reminder on the date that there are X days before the payment is due. I set ours to 10 days - though by the time I got the Alerts I usually have already set up payments on the cards sites - my habit is to set up payments as soon as statements are closed, but the payments usually are a week before due date, so a future payment scheduled.
AutoPay can create a FALSE sense of Safety and that when it fails, the fall out is always UGLY.
I may take this opp to suggest that Microsoft MONEY is an excellent software that resides in your computer. The software is so good that even Microsoft has sunset it in 2010, the user forum in Microsoft User Community is still very active as of today - that is a solid proof on how much the existing users feel the software is superior even though Microsoft stopped its support a decade ago!
You can use it to keep track of every financial aspect of your household. The only draw back is because this is a discontinued product, you can no longer download financial institutions information to the software once Microsoft released the Sunset version (free for all versus a paid software with annual update), the download ability was disabled. Therefore the entries are manual. How good the data base is, of course depending on how diligent the user is keeping it updated, manually. It also has ability to generate all sorts of reports, that is a very neat feature if I need to look back a particular spend category 2 years ago, for example, I can find that thru the right report.
Over the years I had to go ask questions at the above forum and each time I was able to get the solutions. It is a very friendly, well maintained user forum. People help each other out on whatever issues a user has encountered.
For those who want to find out more -
https://social.microsoft.com/Forums/...me?forum=money
And a May 2019 write up on how to get it work on Window 10.
https://windowsreport.com/microsoft-money-windows-10-2/