Stopping Automatic Payments From Checking

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
What Are Automatic Payments?
Automatic Payments vs. Automatic Transfers
Can Anyone but You Create Automatic Payments?
4 Steps to Stop an Automatic Payment From Your Checking Account
1. Cancel Automatic Payment Authorizations Through the Company
2. Turn Off Automatic Payments Through Your Bank
3. Request a Stop Payment
4. Close Your Bank Account
Can You Stop a Payment That Has Already Left the Account?
Pros and Cons of Automatic Payments
Common Auto-Payments
Mortgage installments Car loan payments Insurance coverage Student loan payments Cell phone bills Household utility bills Streaming subscriptions Gym and wellness memberships Childcare and tuition payments
The Takeaway
Frequently Asked Questions
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About the Author
Jennifer Calonia is a Los Angeles-based finance writer who has covered the gamut, including student loans, credit card rewards, consumer loans, and debt. Her work has been featured in outlets like Bankrate, NerdWallet, Business Insider, Yahoo Finance, and U.S. News.
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