Paying your utility bills and credit card bills directly out of your bank account is one of the best ways to ensure you never miss a payment or suffer a ding on your credit report. Of course, this automatic payment strategy only works if the money to pay the bills is in your bank account when it is needed. If you get a new job and a new paycheck schedule, it is a good idea to adjust your automatic debit dates as well.
Pull out a copy of your most recent bank statements and locate the direct debits listed on the statement. Circle those payments and check the dates each debit is scheduled.
Review your paycheck schedule and your bank account to determine the best date for those automatic debits. For instance, if you are paid on the first and 15th of every month, scheduling the automatic debits for a few days after each pay period is one of the best ways to ensure the money will be there when it is needed.
Contact each of the businesses that are paid by automatic debit and find the due dates for each bill. Be sure that the new direct debit date you choose is at least three or four days before each due date.
Make a list of all the bills that are paid by direct debit, along with the due dates for each bill. List a realistic debit date for each bill. Write these dates on your calendar and in your checkbook as a reminder.
Contact the bank to reschedule the direct debits to the new dates. Be aware that it might take a payment cycle for the new debit dates to take affect. Put your request in writing, and make a copy of the request letter for your records. Use the customer service number on your bank statement when mailing the letter. Depending on the financial institution, you might be able to change the bill payment dates by logging on to your account online.