6 reasons to set up direct debit for your bills now!

Comfort, convenience, and time savings. These are just a few reasons to set up automatic debit for your bills. Read on to learn more!

There are many tools that can make your financial life easier, and direct debit is one of them.

With this feature, you save time and avoid delays. Read our article and discover 6 reasons why you should put your accounts on direct debit.

See our index below:

• What is direct debit and how does it work?
• 1. Never again pay late bills due to forgetfulness;
• 2. Free service;
• 3. Saving time;
• 4. Discounts;
• 5. TEC exemption;
• 6. Practicality;
• Conclusion.

What is direct debit and how does it work?

Direct debit is a feature available in your bank account app. It lets you schedule your bill payments.

Therefore, it works as follows: first, you need to register the bill that will be paid automatically.

During the registration stage, you enter the desired payment date. On the due date, the financial institution debits the amount from your account balance, without you having to do anything.

However, it is important to have money in the account on the day of payment of the bills, otherwise, the bill cannot be paid. In some cases, the financial institution deducts the amount from the special check.

This is certainly not a good idea, so it's a good idea to register the bills in the bank account where you receive your salary.

Otherwise, you will have to constantly transfer money to the account where you registered the bills. direct debit before the due date.

1. Never pay late bills again due to forgetfulness

With the rush of everyday life and the overload of tasks, it's very common to miss the due date of a bill and pay late.

When we put the accounts in the direct debit We don't need to worry about it anymore, even if we forget, it will be paid for.

Forgetting to pay bills on time is a serious problem, because financial institutions charge interest for late payments, so we will have to pay an even higher amount than before.

Depending on the account and where the payment is made, interest is added at the time of payment.

However, if this is not possible, they will appear on the next bill, but the problems do not end there.

Furthermore, paying bills late can lower your credit score and make you appear as a bad payer in the financial market.

This will certainly make it difficult for you to apply for credit. To avoid this and other problems, the ideal solution is to transfer your accounts to direct debit.

2. Free service

Besides being a very useful service, it's free. That's right! You don't have to pay anything to set up your bills for automatic payment.

In fact, it's very simple to register and you can even add bills that aren't in your name, for example, water and electricity bills for the house where you rent.

If your bank account doesn't offer this option, you can open a new account at another financial institution that has this service, for example, Mercado Pago.

3. Saving time

Separating monthly bills, going to the lottery shop or bank, opening an app, typing in a password—all of this takes up a lot of time.

Now, imagine not having to take a crowded bus, face traffic and huge lines to pay your bills, can you imagine?

Registering your accounts on direct debit You don't have to worry about any of that anymore and you'll have extra time to focus on more interesting things.

4. Discounts

In addition to all the benefits, you can also get some discounts with this practice, because many companies offer discounts on bills paid by direct debit.

In addition, some banks also give points to customers who choose this feature for payments and bills.

5. TEC Exemption

TEC is the Payment Slip/Boleto Issuance Fee, charged each time a bill is issued. The amount of this fee varies according to negotiations between the bank and the bill issuer.

However, it can cost between R$$3.00 and R$$8.00. Although it is illegal to pass this charge on to the customer, some financial institutions still do so, but include it in the "Other amounts" field of the Electronic Invoice.

To avoid paying this fee, even if it is unfair, put your accounts on direct debit.

If your bank charges this fee, you can assert your rights. Check the fees listed in your NF-e and ask your bank about any unfamiliar fees.

6. Practicality

This feature will certainly bring more convenience to your life. You'll no longer have to worry about bills being due, about waiting in long lines at the lottery, or about printing a duplicate bill if you lose or damage the first one.

However, don't forget to always leave money in the account from which the bills will be deducted.

Conclusion

Put the accounts in direct debit It's an alternative that can bring many benefits. However, it's still important to be careful.

Always keep track of your accounts and everything that will be deducted, check if the balance will cover these debts to avoid the risk of going over your overdraft limit.

Therefore, know how to use the function correctly so that it is not disadvantageous to you in the end.

Did you enjoy learning about the main reasons to use this feature in your accounts? If you're already using it, share your experience. If you're not yet a fan, give it a try and simplify your life. Did you enjoy the content? Take advantage and find out if 👉 Is it possible to open an account with just a CPF?