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What is the difference between one-time bank draft and recurring bank draft?

April 26, 2017Bank draft one-time recurring

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What is the difference between one-time bank draft and recurring bank draft?

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If you elect to make a one-time bank draft payment, your current payment amount will be withdrawn from your bank account only once. If you elect to make recurring monthly bank draft payments, your premium payment amount will be withdrawn from your bank account every month automatically.