Originally Posted by
no1speciallll
I have read in these threads that WMBP can be a factor to increase your odds of a shutdown, but what about bill pay from your bank checking account?
The reason I ask is because the reason provided as to why WMBP can be a negative factor is because the payment is anonymous. However I just made a bill pay from my bank account to a CC, and on the CC Payments page, all the payments that were pulled list the name of my bank, but all the payments that are pushed with bill pay, in the section where the bank name should appear, it says Bank Account Not Available as if the CC company doesn’t know where the payment came from.
There is a difference between WMBP and a bank BP from an active checking account.
A recipient of a bank payment knows who is paying them and where the money is coming from. If there is a question of funding sources, then a credit card company can ask a submitting bank about the source of funds. So your bill payment from a bank checking account raises no issues with a credit card company. They can always find out about the payment.
That does not exist from WM. This is why banks can get skittish about payments from unknown sources. If the numbers start to get big, then verification of sources becomes much more important.