Stop paying for something you no longer use
Stop an autopay yourself, get the cancellation in writing, and know the deadline that applies if one is taken anyway.
Almost everybody who cancels an autopay does half the job, and the half they miss is the one that generates the letters.
Key points
- Cancel an autopay yourself, in about four taps
- Get the cancellation in writing, with a date on it
- Tell your bank within 60 days if one is taken after you canceled
What to remember
- Yours will look a little different, and a few smaller banks still want a telephone call — but the right to stop it is yours either way, and most let you do it yourself.
- Call the number on your card, then put it in writing. Sixty days from the statement.
Try this
Open your bank’s list of automatic payments and read every line out loud. If one cannot be explained, look it up.
Practice: Stop paying for something you no longer use. Your first lesson is free, with no account or card; the rest are part of a Lantern plan. Interactive lessons require JavaScript.