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10-28-2024 02:41 AM
can one use a savings account from a bank for a payment method?
10-28-2024 02:59 AM
@GMA22 wrote:can one use a savings account from a bank for a payment method?
It "might" be possible, depending on who you are paying and how you have your bank account(s) set up.
Example: If you also have a checking account at that bank it's possible you could set up a pay schedule from savings to a utility company or retailer ... I think.
On the other hand, if you wanted to purchase a coat on QVC, I doubt you can give them your savings account number and they'd accept it. Call QVC and ask.
I'm just speculating here .
10-28-2024 03:00 AM
10-28-2024 06:27 AM
I don't know, but personally I wouldn't. If your account number gets into the cyber world your account could be wiped out. That's the same reason I don't do online shopping with my debit card.
10-28-2024 07:43 AM
10-28-2024 08:07 AM
It's bad enough that our checking account numbers and debit cards are out in the universe. I'd never risk putting a savings account on anything, especially shopping.
10-28-2024 09:07 AM
@GMA22 ..........you should be able to transfer funds from you savings into your checking account, or pay by cc and when your statement arrives transfer the funds to pay your cc. Most banks allow this done online. Just a thought.
10-28-2024 09:15 AM
10-28-2024 09:59 AM
Absolutely---I have 2 savings accounts for my apartment bills, one for food and the other for the bills. I got debit cards for each. Just set the 2nd one up last week. I like to keep all that type of stuff separate from my personal account. I have named them acoordingly on my online banking so I know which one is which. I did go into my bank branch to do so and got the debit card right away. Could have done it all online but would have had to wait 10 days to get the card via snail mail.
10-28-2024 11:20 AM
I keep a substantial amount of money in a savings account at one bank and a checking account at another bank with a small balance. To pay bills, I transfer money from my savings account to the checking account and pay online. I don't have or would use a debit card.
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