deposit it all to key and then withdraw?
Can you set up an automatic transfer to Key Bank from the bank where
your paycheck gets deposited? My credit union accepted that as an
auatomated payment to get a free account.
--
Every job is a self-portrait of the person who does it. Autograph your
work with excellence.
That's what's going to happen.
I have a few "starter checks" that Key gave me when I
set up the account. That will take care of the withdrawal.
I'll leave enough in the Key bank account to cover a $100.00
automatic payment.
But finding a payment of over $100 is
going to be an issue. Let's see: Electric? no. Gas? no.
Phone, internet, cable TV? No, no and no. Cell phone? no.
Hmm...
I'm starting to see some drawbacks to this frugal lifestyle.
Just pick the largest bill and make a payment of $100. You'll
have a credit on the account, but you'll eventually use that up.
- Logan
It has to be an automatic payment. On-line banking doesn't count.
It has to be a situation where I tell the power company (say)
to directly debit the account. I'm thinking that I'll let a
payment slip, then set up auto bill pay. The first draw will
be over $100.00
are you sure that they don't report to credit bureaus? i know my heating
company does.
Ahh! Good catch. I'll check. It used to be that utilities didn't
report. But now, as you have reminded me, many of them do.