Automatic Bill Payment FAQs
Freeborn-Mower Cooperative Services' Automatic Bill Payment, allows your payment to be paid automatically from your checking, savings account or credit card, on the due date. If due date falls on Saturday, Sunday or holiday, the payment will be made the following business day. You will still receive a statement each month which will be marked, "BANK DRAFT - PLEASE DO NOT PAY"
Automatic Bill Payment lets your financial institution do all the work. Each month the amount due on your electric bill is deducted from your designated bank account automatically on the due date. If the due date falls on a weekend or holiday, the withdrawal will take place on the next business day. There is no check to write as Automatic Bill Payment pays your bill automatically.
Completely reliable. All you have to do is make sure there are funds in your account to cover the bill. Automatic Bill Payment takes care of the rest. Your bill is always paid and your credit history is always in good standing.
Automatic Bill Payment usually goes into effect one month after your application is processed. A note will appear on your electric billing indicating this. Until you see this note, continue paying your bill as usual.