RBS Citizen Pay My Loan
Chase credit cards offer several benefits to its cardholders. There are cards are designed to suit the needs of the Loan payments are hectic especially if you making multiple payments at the end of the month. The Pay My Loan service allows you to pay your loan online. You will not pay extra fees for subscribing to this service. This service is offered by RBS Citizens bank for its customers. Irrespective of the loan package you are paying for, you can use this service. Whether you are paying for a student loan, equity line of credit, education refinances, boat, car, or recreational vehicle, this service offers you the convenience to pay with ease.
This service allows you to set up a profile to monitor your payment transactions. The profile helps you to set up automatic monthly payments. With this setup, the required amount will be deducted from your account on the due date. You can choose to link the profile to a savings or checking account. You need to make sure that you have enough cash in your account by the due date. You will need your account number, social security number, and email address to set up the profile.
The Pay My Loan service allows you to receive electronic receipts for payments made. You will also be notified of upcoming payments and this reduces that chance of missing payments because you are unable to keep track of the date. You can also view your payment history through your profile.
You can also make a one-time payment with this service. Instead of setting up a recurring payment option, you make one-time payments as well. To do this, you will need a copy of your most recent loan statement. You will also need to provide the last four digits of your social security number. The payments will be posted to your account on the same day if payments are made on a business day by 5:30 pm EST.
You can also send your payments by mail. You will have to mail the payments to the address that appears on your account statement. The payments will be delivered within 4 to 7 days. You will receive a receipt of payment after the payment is delivered.
You can also phone the bank to make payments. You can call 1-888-805-0200 for the Pay by Phone service. You will be charged $12.50 for this service. However, if you choose to make the payments with a representative from Citizens Bank, you may be required to pay additional fees.
You can visit the branch and your payment will be processed on the same day. There is also the option of using your ATM or debit card to make payments.
Citizens bank has given their customers several options when it comes to the payment of loans. They are doing this to reduce the likelihood of you missing loan payments. When you miss loan payments, you may end up paying late fees which will increase your debt. It will also look bad on your credit report if the lender decides to report missed payments to any or all of the three credit bureaus. These reports are bad for your credit score. It lowers your credit score and you may have difficulty accessing a loan the next time you need one. Sometimes, you may get the credit alright but at a very high interest rate.
It is recommended that you opt for the automatic payments from your account if you cannot keep track of the due dates. Always leave money in your account to cover the monthly payments. You will be able to reduce the total amount if you pay regularly. If you are having a hard time keeping up with your loan payments, you should consider adjusting your lifestyle. You should reduce luxurious spending and try to stick to spending only on necessities. You can go back to your old lifestyle when you can comfortably make your monthly payments.
RBS Citizen has provided several payment options to meet the demands of their customers. You should choose an option that will work for you. An option that will enable you to pay your loan on regular basis.
About RBS Citizens Financial Group Inc.
RBS Citizens Financial Group Inc. is an old financial institution with a financial asset worth $153.5 billion. The headquarters of this bank is located in Providence, Rhode Island. The bank is known for its strong customer services and has gained the trust of many. Over the years, the bank has focused on providing custom tailored services to its clients increasing convenience in banking. RBS Citizens Financial Group Inc. has over 1400 branches and 3500 ATMs. The bank also has two bank subsidiaries namely RBS Citizens Bank, N.A and RBS Citizens bank Pennsylvania. This bank offers several services including wealth management, savings, small business offerings, and lending. They also offer asset finance, capital market, and treasury services.