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What is a recurring payment?

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What is a recurring payment?

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A recurring payment is one of the options within the Pre-Authorized Payment Plan. Under the terms of recurring payments, Enbridge will withdraw the full amount of your Enbridge bill each month 4 days prior to the Late Payment Charge Effective Date. This will ensure that you are never charged a late payment charge on your bill.

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A recurring payment is a consistent payment made on the same day of every month for the period of time designated by the consumer. A recurring payment form is provided that identifies the specific amount, day of payment and the ending month of payment.

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It’s a payment that’s made repeatedly to the same payee for the same amount on a regular basis it’s great for ongoing bills like your rent, car payment, or cable bill. You specify the amount to be paid and how frequently you want the payment made (weekly, bi-weekly, monthly, quarterly, semi-annually or annually). You also specify how long you want the recurring payment to continue until a certain number of payments have been made, until a certain amount has been paid, or until you cancel the recurring payment.

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A recurring payment is one that will take place on a specified date with no action from you. If you have payments such as house or car payments that are the same amount and due on the same date each month, this is a convenient feature.

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A Recurring Payment is an automatic payment option where you authorize Time Warner Cable to collect the total monthly charges from your credit card or bank account – every month.

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