If payments are made automatically from my bank account or charged to my credit card, does that mean NBS/American Card Services or the institution on this contract has direct access to my account?
No. This is a common misconception about automatic payments. No one other than you and your financial institution has access to your account. When you arrange to make an automatic payment through NBS/American Card Services, you authorize a specific payment amount to be paid by your bank or credit card company on a specific date.
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