What’s the difference? Bank Draft vs. AutoPay

Pay­ing your bill is easy at your co-op. We have many options to help our mem­bers save time, a trip to the office and the wor­ry of mak­ing on-time pay­ments each month.

Two of our most pop­u­lar options are our Bank Draft and Auto­Pay pro­grams. But what’s the dif­fer­ence? Let’s take a look, so you know which one is right for you.

Bank Draft

• One-time mem­ber sign up
• Secure with no future has­sles for month­ly bill pay­ments
• Member’s account bal­ance must be zero
• Ensured on-time month­ly pay­ments ini­ti­at­ed by your co-op on the same day each month
• Deduct­ed each month right from the check­ing or sav­ings account of your choos­ing
• Noti­fi­ca­tions and reminders can help you remem­ber this has been paid each month
• Bonus! Earn a $1 cred­it each month by also sign­ing up to Go Green and receive your state­ment by email

Auto­Pay

• One-time mem­ber sign up
• Mem­bers have the option to select the date of their bill pay­ment date, as long as it is on or before their due date
• Mem­bers can set a max­i­mum amount to be paid from their check­ing or sav­ings account to ensure they do not receive any addi­tion­al fees from their bank­ing insti­tu­tion
• Pay­ment is run each time by the co-op
• Mem­bers must save the pro­file to ensure month­ly pay­ments occur
• Mem­bers are in con­trol and can update their pro­file at any­time

Log on to our secure mem­ber por­tal to view which pay­ment option you cur­rent­ly use and to make any changes to your account.

Unsure how to set up a pay­ment pro­file? Stay tuned for next month’s South Car­oli­na Liv­ing issue for a detailed how-to guide. In the mean­time, please give us a call at (803) 684‑4248 for any ques­tions about your account.