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What is autopay, and why would I want to enroll?
What is autopay, and why would I want to enroll?
Molly avatar
Written by Molly
Updated over a week ago

Automatic payments from your bank account (also known as “autopay” or “ACH” payments) are the easiest way to make sure your payments are made on time. Automatic payments are convenient, and they can save you money over the life of your loan by helping you avoid late and missed payments, which can result in late fees and additional finance charges, making the loan more expensive over time.

Please keep in mind that you will only have access to many of our Member Benefits (like Payment Reduction and Payment Pauses) if you are signed up for autopay. Search the Help Center for "Member Benefits" to learn more about our unique and extensive benefits programs.

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