Auto Debit Arrangement: Why Is It Better to Use?

Taking on responsibilities helps you make positive changes and build self-discipline. One common responsibility is managing expenses, like budgeting or paying off monthly dues. Finding hassle-free ways to handle these tasks is key!

If you currently have a responsibility such as paying bills, you need to know how Auto Debit Arrangement (ADA) could help you better in managing your bills and payments.

Auto Debit Arrangement (ADA) is an arrangement that you let your monthly payments or installments be deducted from your current or savings bank account on the recommended payment date which is 3 days before the due date.

1. Hassle-free and a worry-free mode of payment

If you’re busy with work and often forget your monthly dues, ADA is perfect for you. It’s convenient—you just wait for the payment to be deducted from your bank account.

2. Avoid delayed payments

With auto debit, payments are scheduled, so you avoid the hassle of last-minute payments and late fees. Just make sure your account has enough funds on the due date!

3. No wrong posting of payments will happen

With ADA, managing payments is simpler and clearer. Since payments go through your bank, you can view all your bills in one place, keeping everything organized.

ADA also reduces common errors, like forgetting account numbers or input mistakes at payment centers. With ADA, you can feel confident that your monthly bills are handled accurately.

4. Escape long lines and waiting

One of the best things about ADA is the time it saves. No more long waits to make payments—ADA takes care of it for you.

Each month, you’ll simply get a notification or email confirming that your payment will be deducted from your bank account.

5. Avoid service charge in every transaction

There are payment centers that usually charge service fees in every transaction you will make. Aside from ADA is safe and secured, additional service charges could be avoided when you use it.

6. Balance and budgeting the monthly expenses

Because you have the power to choose for your due dates, you can make your bills due on or near your payday. This is the time when you have the most money. ADA can help you balance your money, and budget throughout the month so you’ve got enough to pay your bills.

Home Credit supports your commitment to managing responsibilities like monthly payments. With auto debit arrangements, you can manage your Home Credit account wisely.

Download the Home Credit App on Google Play Store or Apple's App Store today to monitor your loan payments!