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Automatic Payment


With Automatic Payment, no need to worry about missed payments, late fees or writing and mailing checks. If you’re at the lake, traveling, hospitalized, or have a tight schedule, Automatic Payment ensures your payments are made on time.

Set up Automatic Payment transfers to move funds between accounts or to make loan payments.

Automatic Payments can be set up through Automated Clearing House (ACH) or Allotments. Save time and money with this free service from American Federal.

ACH

With ACH, you can automatically pay recurring bills from your American Federal checking or savings account. Examples of Automatic Payments include utility, phone or cable bills, insurance premiums, regular church or charitable donations and health or service club membership dues.

With ACH, you direct a company to pay your recurring bills from your deposit account. ACH moves the automatic payments between the company’s bank and American Federal. Contact your American Federal Banker to learn more about automatic payments. There is no charge for this service.

Allotments

Allotments provide a convenient way to automatically make payments on your loans from American Federal.

With allotments, you authorize American Federal, in writing, to automatically make an American Federal loan payment from your American Federal deposit account. You’ll have peace of mind and maintain good credit by knowing payments are made on time every time. It’s a convenient way to handle monthly loan payments.

You can also authorize American Federal to automatically move allocated dollars between your checking and savings accounts at American Federal.

This convenience service is free to American Federal customers. Contact your American Federal Banker today.

This information offers general advice and is not intended to be legal or tax advice. Consult your attorney, tax accountant or other professional.