Ask HN: The easiest way to set up an automated recurring payment to a person?

3 pointsby srabeat9 yıl önce9 comments

What is the easiest way to set up an automated recurring monthly payment to an individual? E.g. I borrowed x amount from a friend of mine and would like to pay him off in n months. Is any of the existing financial services (Paypal, Venmo, etc. ) offering a feature like this?

9 comments

twobyfour9 yıl önce

Pretty sure PayPal does. But like someone else said, so do most banks.

srabeat9 yıl önce

Oddly enough Paypal doesn't! You would expect something like Venmo does it too but I haven't found anything yet

flukus9 yıl önce

Your banks website doesn't have this feature?

tedmiston9 yıl önce

My banks offer a similar feature but each only to other people who use the same bank and it requires getting a sensitive account number or linking. It'd be ideal to be able to schedule a recurring payment or request in Venmo.

srabeat9 yıl önce

I am using BoA... and No. Do you know if any banks offer this?

codegeek9 yıl önce

Have you checked with BoA ? I found their online article and it does say that you can setup recurring payments through online bill pay service.

https://www.bankofamerica.com/onlinebanking/online-bill-pay....

srabeat9 yıl önce

Not relevant to personal transactions...

flukus9 yıl önce

I'm in Australia so my recommendations are probably irrelevant. I just find it hard to believe that any bank wouldn't have it, it's a feature I was using 12 years ago.

npratini9 yıl önce

Charles Schwab allows you to schedule recurring check payments - you just give them the person's name and address, and a check will show up in their mailbox.