Maybe re-think that
Originally Posted by Needles
(Post 4985737)
No one gets access to our checking account except for our direct deposit pension checks and we do no online banking. We won't even have debit cards. You only have to know one person who has been hacked, and what they have to go thru to get it 'fixed.' Took over a year, even had to hire a lawyer. They are still having repercussions. It's happening more now, too.
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Anyone not having Life Loc or other identity theft protection regardless if you pay online or all in cash is vulnerable to identity theft. Young children with a SSN are at a high risk of ID theft. A whole new ID using a child's SSN is becoming a bigger problem then most realize. The child turns 18 and finds he/she is in debt with bad credit. The thief is safe for many years before the ID theft is discovered. You can buy ID protection for your children usually for $10 a year if you have the protection for yourself and spouse. Credit Card ID protection safeguards doesn't include your child ID.
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when business ask me to pay online, I remind them how messed up the internet got when the net went crazy for three days and it took me fourteen hours to download a two minuet program. For three days no one could pay a bill. besides its very easy for companies to deleat information, and claim you didn't pay. copies of moneyorders and checks are firm documentation against such practices.
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Originally Posted by Barbshobbies
(Post 4997479)
As long as a postal carrier comes to mail box, 50 cents is O.K. with us. We paid the bills the day they come in, and say a
thank you prayer that we are fortunate enough to be able to. When we made 70 yrs & older and are able to stay in our own home, with fairly good health, we have a lot to be greatfull for. They tell me after we are 80 yrs or more, the postal service will bring the mail to the door. For us there is nothing like seeing the amount of money you have in the check book and know how much you can spend, at any given time. |
DH and I are in our 70's. We pay bills on line because
1. it is easier 2. You see instantly that it is paid, how much is left in your account 3. You see instantly what you paid and when last month 4. You get an instant print out of the bills paid with percentages to each payor,and each catagory of bill 5. You get a copy of the check when it is received 6. No payment is sent until you authorize it It is like have having your bank account summary/receipt received each day of the month instead of once a month. It is more detailed than your checkbook. You can still keep your checkbook up to date if you want. |
We pay all our bills by check via USPS. The decision to never use online bill paying when it first came available. We just couldn't bring ourselves to put all of our financial information on the internet. Two months ago our computers were hacked. They stole all our info - even our email contacts - everything. We are so thankful we have not paid online. BTW, the postal service only raised the price of a stamp by a penny - 1 cent. If you could see what they do for us for that $.45, you would be amazed.
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I have been using my bank's online bill pay for years. Still get the paper statements in the mail but love that I can schedule the bills to be paid in advance if we are out of town. Years and years ago I arranged to have all my bills due on the 1st or 15th. The ones that needed to be slid one way or another were happy to do so with no charges incurred. So that way I only have to sit down twice a month and spend no more than 10 minutes on the job. If a bill needs to be paid by check because they are not in the bank's electronic system the bank sends them a check at no charge to me! I have never had any trouble with the bank's system, never a late payment and can pay my bills from anywhere. The best part is that it is free! Never been happier!
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I pay two regular bills by handing the check over. One I pay on line. 5 are paid by automatic withdrawals. Taxes I pay by mail. I always check every statement, whether on line or on paper......Now if I could only get the DH to help with the PLANNING.
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Originally Posted by Needles
(Post 4985737)
No one gets access to our checking account except for our direct deposit pension checks and we do no online banking. We won't even have debit cards. You only have to know one person who has been hacked, and what they have to go thru to get it 'fixed.' Took over a year, even had to hire a lawyer. They are still having repercussions. It's happening more now, too.
Every person you send a paper check to has access to your checking account (routing number and account number). When you send it to a business you have no idea who is looking at it and copying those numbers. People are even stealing paper checks out of the mail, then they can "bleach" the info you have written off the check and substitute their own info. Your $12.00 check to the phone company becomes a $1200 check to Cash. There are dangers both ways, through the mail and online. What I like is my main online bank, instead of typing in your password, you click numbers on a key pad. Then if you have a keystroke logger on your computer, the bad guys still don't know what your password is. |
I have been paying my bills on line for a few years now, snail mail to too slow for me, unfortunately, the only checks I write out are to doctors!
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