Money Tips: Pay your Credit Card Bill Using Emigrant Direct

Written by carnold
Posted On: October 19, 2005

Author: quiznut1
Posted: Wed Oct 19, 2005 10:19 am
Post subject: Pay your credit card bill using Emigrant
Has anyone done this before? I have three credit cards, one from Citibank, one from Chase, and the other from Discover, and I have paid all of them using my Emigrant account without any hitches. Just enroll your Emigrant account in your online payments section of your card’s online account access and use Emigrant’s routing number (226070319), along with your 10 digit account number. It’s nice because I can earn the 4% APY all the way up to my due date and just pay the credit card bill using this account.

Author: scarymary
Posted: Wed Oct 19, 2005 10:30 am
Post subject: Pay your Credit Card Bill Using Emigrant Direct

Have you experienced any delays in payment? I’m new to Emigrant but ING takes 2-3 days to make a transfer to my checking account. Is that also true for bill paying?

Author: quiznut1
Posted: Wed Oct 19, 2005 10:42 am
Post subject: Pay your Credit Card Bill Using Emigrant Direct

scarymary wrote:
Have you experienced any delays in payment? I’m new to Emigrant but ING takes 2-3 days to make a transfer to my checking account. Is that also true for bill paying?

I’ve never experienced any delays. As long as I have scheduled my payment before a certain time (according to the online payment terms and condtions of when the payment will post) on the due date, it will be considered “on time.” The funds may not leave my Emigrant account until a day later, but the credit card company sees it as “on time.” Also, I made a transfer from my Emigrant account to my checking account on Monday before 5 pm EST (Emigrant’s cutoff time of when transactions will go through), and the money was in my checking account on Tuesday (the next day), so it’s very fast. I don’t have any other bill payment services set up, so I couldn’t answer that last question. But like I said, you can pay your credit card bill using your Emigrant account, and it’s sweet!

Author: maddybeagle
Posted: Wed Oct 19, 2005 1:36 pm
Post subject: Pay your Credit Card Bill Using Emigrant Direct

I suspect that you can only have 6 transactions since it is a money market account, but that is a good idea.

Author: quiznut1
Posted: Thu Oct 20, 2005 9:49 am
Post subject: Pay your Credit Card Bill Using Emigrant Direct

maddybeagle wrote:
I suspect that you can only have 6 transactions since it is a money market account, but that is a good idea.

You can have 6 withdrawals per month under federal law, but unlimited deposits. Also, if you pay all your bills using your credit card, technically, you only have one bill you’re paying every month and that is a credit card. So that 6 withdrawal per month limit doesn’t look that bad.