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What’s the benefit of having my monthly payment sent to my financial institution instead of my home?

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What’s the benefit of having my monthly payment sent to my financial institution instead of my home?

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Electronic transfer payments are available in your account by 9:00 a.m. on the last business day of the month. You don’t have to wait for your check to arrive in the mail. It is extremely rare that an electronic payment is ever lost or misdirected. A lost check mailed to your home may take several weeks to replace, while misdirected transfers are usually in your account within a matter of hours.

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