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Are automatic online payments a good idea?

Related Article: How Electronic Payment Works

Watch this Money Talks video to learn more about automatic bill payment - the advantages and the disadvantages. See the pitfalls like overdraft protection, overcharges and the difficulty in making it stop.

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Mortgage Banking Explained (4:53)

Watch this video about mortgage banking on HowStuffWorks. Mortgages are comprised of monthly fees (sometimes called PITI), and collecting and distributing those PITI funds to lenders and taxing authorities is one of the most complicated jobs of... More »

Paying Off Student Loans (2:49)

Watch this video from American Public Media showing how to manage and pay off student loans. Most student loans are amortized over 10 years and you will save substantial money if you pay on-time, every month.

Are automatic online payments a good idea? (1:31)

Watch this Money Talks video to learn more about automatic bill payment - the advantages and the disadvantages. See the pitfalls like overdraft protection, overcharges and the difficulty in making it stop.

How do you know if your bank is safe? (1:14)

Watch this Money Talks News video to see how you know that your bank is safe from collapse. Although most banks are FDIC insured, the FDIC recently released its “Troubled Bank” List which has reveals more than 100 banks are having capital issues.

Avoid Overdraft Traps (1:30)

Watch this Money Talks News video to learn how to avoid the most common overdraft traps. Debit cards are perhaps the most dangerous because of NSF (non-sufficient funds) charges.

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