automatic payment
Recurring billing arrangement
An automatic payment is a recurring transfer of funds set up to happen without requiring action each time.
Banks, utilities, and subscription services use automatic payments to ensure bills are paid on schedule: I set up automatic payment for my rent so I never miss the due date.
Also called autopay or recurring payment.
- autopayRecurring automatic payment
- direct debitPre-authorized recurring withdrawal
- recurringHappening repeatedly over time
- recurring chargeRepeated scheduled payment
- subscriptionPaid recurring access
bill pay · billing · withdrawal · bank account · checking account · scheduled · monthly · invoice · credit card · deducted · statement · mandate · standing order · effortless · seamless · easy payments · forgotten · balance
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- recurring paymentsrent, insurance premium, utility bill, phone bill, cable bill
- automatic paymentsautopay, direct debit, subscription
- financial arrangementsloan, credit agreement, installment plan, credit line, line of credit
- loan paymentsloan balance, installment, installment payments, prepayment, periodic payments
- payment termspast due, late payments, late fee, late fees, final notice
automatic, payment, auto, automate, automated, automates, automating, automation, automaton