04/24/2024
I have been using our bank's bill pay for many years. I recently found out from a vendor that, in some cases, the payment I sent, wasn't the same amount as they received. So, why the discrepancy? It appears what I believed was being sent was a paper check or a bank to bank ACH style of payment was not. What was happening is that 2.5%-3% was being deducted as a "credit fee". How is that legal? We already get charged for sending more than 10 checks. Is anyone familiar with this?