But this system is used for automatic payments such as direct debits and wages.
If you have automatic payments set up, withdrawals may not always happen on the day you expect them to.
This includes creating a budget, ensuring that there will be enough savings for emergencies, and perhaps setting up automatic payments for essential bills.
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Ask the company if you can get discounts for any financial institutions you use or memberships you belong to, for installing security features in your home, or for paying your premiums upfront or in automatic payments.
In particular, you can set up automatic bill payments and savings account deposits.
Result: online accounts, phonebanking, automatic bill payments and credit-card clearance are now standard.
The automatic bill payments system typically runs smoothly and on schedule but this reliability also makes it easy to forget about the merchants and bills you are paying.
If your employees are not getting better offers, your automatic salary inflation and bonus payments may already overcompensate their current market value.
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But the company said compensation payments would not be automatic and customers must make a claim in writing within one month of their electricity being restored.
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The IMF, however, notes that taking into account automatic stabilisers, such as welfare payments to the unemployed, Germany's fiscal response is not as far behind America's as it appears.
Finally, on Friday, the sequester kicked in, hitting the military hardest, but doing very little to address automatic Medicare, Social Security and Medicaid payments.
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