automatic payments
Recurring billing arrangements
Automatic payments are recurring financial transactions set up to occur without manual intervention each time.
A bank or service provider withdraws funds on a schedule—monthly for utilities, annually for subscriptions: I set up automatic payments so I never miss a bill.
Also called autopay or recurring payments.
The arrangement continues until canceled.
- recurringHappening repeatedly over time
- recurring chargeRepeated scheduled payment
- autopayRecurring automatic payment
- billingCharging for services rendered
- subscriptionPaid recurring access
bill pay · direct debit · bank draft · scheduled · withdrawal · bank account · checking account · monthly · convenience · set-and-forget · deduction · credit card · utility bills · Netflix · streaming service · gym membership · rent · mortgage
- money managementsaving, savings, budgeting, budget planning, expense tracking
- billing termsinvoice number, amount, fees, total, subtotal
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