Paying bills can be a hassle. Between due dates, late fees, and remembering to log in to pay, it’s easy to fall behind or miss a payment. But what if there was an easier way? With automatic bill pay from Irea.Coop, you can say goodbye to bill pay stress and simplify your life.
What is Automatic Bill Pay?
Automatic bill pay is a service offered by Irea.Coop that allows you to set up recurring payments for your electric bill. Once enabled, your bill will be paid automatically each month directly from your bank account on the due date. There’s no need to remember when bills are due, log in to pay, write checks, or mail payments. It’s all handled seamlessly in the background on your behalf.
How Does Automatic Bill Pay Work?
Setting up automatic bill pay with Irea,Coop is quick and easy
- Log in to your Irea.Coop online account or the Irea.Coop mobile app.
- Under “Billing & Payments,” select the “Automatic Payment” option.
- Enter your bank account information. This is a secure process that encrypts your details.
- Choose the account you want payments drawn from. You can select either a checking or savings account.
- Pick your payment date. Payments will be deducted on the same date each month.
- Review and submit. That’s it – you’re all set!
Once automatic bill pay is activated, you don’t have to do anything else. Irea.Coop will automatically withdraw the amount due from your bank account each month on your scheduled date.
You can log in anytime to view your upcoming automatic payment date and amount. If your electric usage changes one month, the payment amount will adjust accordingly. And you’ll still receive a monthly bill detailing your charges – the only difference is the payment will be made for you automatically.
The Benefits of Automatic Bill Pay
Signing up for automatic bill pay offers a number of advantages:
It Saves Time
Automatic bill pay eliminates the need to manually pay your electric bill every month. No more signing in, entering payment details, or scheduling reminders. The entire process is handled for you, freeing up your time for more important things.
Avoid Late Fees
With automatic payments, your bill is always paid on time, helping you avoid costly late payment fees. Since it’s handled automatically on your scheduled date, there’s no risk of forgetting a payment.
More Predictable Budgeting
Knowing your electric bill will be paid on the same date every month makes budgeting easier. You can plan for the recurring payment in your monthly finances.
Added Convenience
Automatic bill pay is simply easier and more convenient than manually paying each month. Once it’s set up, you can enjoy true “set it and forget it” bill management.
Get Payment Rewards
Some banks offer rewards programs and cashback for automatic payments and bills paid from your account. Signing up for auto pay can help you maximize these types of account perks.
Is Automatic Bill Pay Right for Me?
Automatic bill pay is ideal for anyone looking to streamline bill management and avoid late electric payments. It takes the work out of paying your bill so it’s one less thing to keep track of. The convenience factor makes it worth it for most Irea.Coop members.
However, automatic payments aren’t right for everyone. You may want to avoid auto pay if:
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You prefer to closely monitor your electric usage and payments each month. However, you can still do this with automatic payments – you just won’t log in to manually pay your bill.
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You have a variable income and want to time payments for when you have sufficient funds in your account. That said, you can pick your automatic payment date with Irea.Coop to align with your pay schedule.
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You have had issues with overdrafts from automatic payments in the past. Be sure to only enroll with a bank account that has enough of a buffer to safely cover monthly variable electric payments.
For most people, the many perks of automatic bill pay outweigh any drawbacks. But assess your own financial habits and preferences to decide if it’s the right option for your situation.
How Do I Sign Up or Disable Automatic Payments?
Signing up for automatic bill pay with Irea.Coop takes just a few minutes online:
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Log into your Irea.Coop account.
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Under “Billing & Payments,” click on “Automatic Payment.”
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Enter your bank account details and payment date.
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Review and submit to complete enrollment.
You can disable automatic payments at any time by:
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Logging into your Irea.Coop account.
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Going to “Billing & Payments” then “Automatic Payment.”
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Click “Disable.”
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Confirm to disable automatic monthly payments.
Once disabled, you’ll need to resume manually paying your electric bill each month.
Frequently Asked Questions
Still have questions about automatic bill pay with Irea.Coop? Here are answers to some commonly asked questions:
What if my bill amount changes?
Your payment will automatically adjust each month to reflect any fluctuations in your usage and electric charges. You don’t have to update anything.
When will the payment be deducted from my account?
Your bill amount will be withdrawn on the date you selected during enrollment, which can be set for any day of the month.
What if I don’t have enough money in my account on the payment date?
If the full payment can’t be deducted due to insufficient funds, you may incur overdraft fees from your bank. Irea.Coop will notify you and attempt to process the payment again within a few days. Make sure to have adequate funds or set up overdraft protection with your bank to avoid issues.
How do I change the account my payment is deducted from?
Simply log into your Irea.Coop account, go to “Automatic Payment” under “Billing & Payments,” click “Disable,” then enroll again with your new account details. The update takes effect immediately.
Can I still view my bill each month?
Yes, you will continue receiving your standard monthly electric bill. There is detailed breakdown of your current charges – the only difference is payment will be made automatically on your behalf on the due date.
Sign Up Today!
Are you ready to simplify paying your Irea.Coop electric bill? With automatic bill pay, you can save time, avoid late fees, and set it and forget it when it comes to bill management. Sign up is fast and easy online or through the Irea.Coop mobile app. Contact Irea.Coop if you have any other questions about automatic bill pay and how it can make your life easier.
Until Monday, April 4, we will only accept mail-in, check, bank bill pay and walk-in cash or money order payments. Please return on or after April 4 for info on new payment options.
Home > Billing & Payment Options
Log into SmartHub via the My Account Login option or by downloading the app to access most billing and payment billing options.
Quickly make payments on your balance due. The first time you make a payment — either online or on the mobile app — you can securely store your payment information for easy future transactions.
No deposits, no monthly bills, and no due dates! With Advance Pay, choose when, the amount, and how you pre-pay toward your credit balance. The cost of your energy usage over the previous 24 hours is deducted from your balance at 9 a.m. each day.
Enjoy the convenience of having your bill automatically paid each month from your bank account or credit card when you enroll in Auto Pay. You no longer have to worry about due dates or late fees, as payments are automatically deducted from your account each month. For each account you have with us, you’ll be able to add, edit and remove any payment accounts you have set up to automatically make payments on your bill each month.
Budget Billing allows you to levelize your bill and pay an average amount per month instead of paying for high usage amounts in one season and lower usage amounts in another season. Your budget plan balance will be shown on your bill each month.
Save trees and time with this feature! You will receive emailed notice each month that your bill is available in SmartHub. Note: Enrollment in Paperless Billing will apply to all accounts registered with your email address.
Find participating retailers nationwide where you can pay in-person with cash.
You can pay by phone 24/7 via our new automated number, (877) 704-2014. Our Call Center no longer accepts payments via phone.
Mail your payment to: CORE Electric Cooperative P.O. Box 6437 Carol Stream, IL 60197-6437.
Most banks offer a bill pay service that allows you to set up one-time or recurring payments to your billers. Payment delivery times vary by banking institution. Please review your bank’s delivery times to ensure timely posting to your CORE account.
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