What is an Automatic Payment?
1.Automatic payment in response to an e-bill. An automatic payment in response to an e-bill is a payment that you set up to go out every time you receive this e-bill without requiring your approval each time. You can pay the full bill, pay the minimum due, pay nothing and file the bill, or create your own rule for how the bill gets paid.
A. An automatic draft is a pre-authorized debit from your designated bank account to pay a loan payment. Rhode Island Housing offers two kinds of auto drafts: A monthly scheduled auto draft and flexible one time auto draft.   The monthly Automatic Clearing Housing (ACH) draft is offered free of charge and the payment is drafted from your designated account on the 5th of each month. The one time ACH draft allows customers to select the day the wish to make their payment.  This option can be accessed through this website for a nominal fee.   If you are interested in either option, contact our Customer Service Department at 800 854-1180 or 401 457-1180 or TTY/Hearing Impaired at 401 450-1371 between the hours of 8:30 a.m. to 5:00 p.m. Monday through Friday for more details.
1. Automatic payment in response to an e-bill. An automatic payment in response to an e-bill is a payment that you set up to go out every time you receive this e-bill without requiring your approval each time. You can pay the full bill, pay the minimum due, pay nothing and file the bill, or create your own rule for how the bill gets paid. For example, you could tell us to pay your credit card bill automatically in three different ways: • Pay the entire bill if it is $200 or less. Pay nothing and send an e-mail notification if it is more than $200. • Pay the minimum amount due every month. • Pay nothing and send an e-mail notification. You can also select when to pay the bill either when the bill arrives or a designated number of days before the bill is due (10 is the default). You will receive an e-mail notification when an automatic bill has been paid. 2. Automatic payment at regular intervals. This type of automatic payment gets paid by establishing the interval when the payment shou
1. Automatic payment in response to an e-bill. An automatic payment in response to an e-bill is a payment that you set up to go out every time you receive this e-bill without requiring your approval each time. You can pay the full bill, pay the minimum due, pay nothing and file the bill, or create your own rule for how the bill gets paid.
