Chase Manhattan Bank Review
May 13th, 2007 at 10:45 pm (Uncategorized)
What I dislike about the service
Chase, my current banker, has a great, free bill pay service That’s really the biggest reason. Sure, Chase’s float period is 2 (a few) to 5 days on non-Chase payees, but they will let me pay any vendor with a US address. They have very solid capabilities (actually BETTER than Bank One, who they acquired) for recurring payments and, like bill payment for many banks, it’s free.
More vendors are allowing automatic payment I’m now doing it with all my utilities. I’m going to pay them anyway, and it’s much easier. So, I really don’t need notification on most vendors.
MyCheckFree has relatively few vendors The one vendor I could use notification on is US Cellular, my cell phone vendor. It’s not an available vendor. A US Cellular person told me that they considered Mycheckfree, but the discount(processing) fee was too much.
They do have Citibank, so I’m paying my 5% rebate card through them. I still have my NICOR (natural gas) bill visible, even though I am paying that through direct charge to my Chase account.
Lastly, and it’s minor,
the payment defaults to the minimum Maybe that’s not a problem for people making minimum credit card payments, but I pay my credit card bills in full every month. If you cannot, then you should rethink your spending practices. Once in a while, in a hurry, I’ve set up the minimum payment, instead of the full payment I want. I’ve caught it, and now I’m wise to it, but it’s a minor annoyance.
So, on balance, they are what they are. They do a good job of reporting bills, and they pay them quickly and reliably. The problem is, they don’t have enough vendors to be a one-stop bill payment source. You should check with your bank to see if their bill payment service meets your needs. Use Mycheckfree.com for those vendors they have whose bills change, and your main payment service for the rest.
Thanks for reading. God bless!