From: David 
Newsgroups: misc.invest.financial-plan
Subject: Re: AUTO PAY=LATE FEE
Date: Sun, 24 Jun 2007 10:12:12 -0500
Mail-Copies-To: nobody
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In article ,
 Thumper  wrote:

> On Sat, 23 Jun 2007 16:57:55 -0500, "Mike Morgan"
>  wrote:
> 
> >My online banking instructions say to pay five business days before due 
> >date.  That may cost a little interest, but avoids MUCH larger late fees.
> >
> >Mike Morgan
> 
> 
> There shouldn't be any reason for that in this day and age.
> Thumper

Thumper
Not all businesses accept payment in electronic transfer form.  When a 
payment needs to be sent to a business that does not accept payment in 
electronic form, the issuing bank mails a check to pay the obligation.  
The five business day advice is general advice, to cover the possibility 
a check will have to be mailed.

-- 
I do the best I can, but I could be wrong.
please post reply to newsgroup.
David, Williamsport, PA. USA.