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

3 points·srabeat··9 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?

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

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

Your banks website doesn't have this feature?

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.

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

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....

Not relevant to personal transactions...

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.

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.

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