The payments for the Tacoma started this past Saturday. Being conscious of the need to pay on time, every month, I set up my account at my bank to automatically make the payment on the due date, via their on-line bill payment feature.
Saturday morning, I woke up and had a message from the bank: "We are experiencing technical difficulties and are currently unable to process automated payments. We will update you when this is resolved" (or something like that... You get the idea.)
Not wanting my payment to be late, I logged into the website for the company that gave me the car loan, and manually made the payment. I've got the cushion money in my account, I don't want to start off with a late payment, and whatever... Just pay the damn bill.
Sunday, my bank figures out the issue and resolves the technical glitch...
And promptly made the auto-payment transfer on Monday.
So now I've paid TWICE for the month of July.
I call my bank, they tell me they can't cancel the payment as it has "already left the system".
I call the auto-loan bank, they tell me that they can refund the second payment as soon as it posts to them.
So today I call auto-loan bank again, as the payment had posted. In order to get the money refunded, I had to fax (seriously? It's 2017, folks... Get off the analog fax line, please) a copy of my bank statement showing both payments (and a balance sufficient to cover both) to them, and then they'll process the refund request.
It's not that the money is that vital... I've already paid all the bills for the month, I've got plenty of food, and still have a decent balance in the checking account, plus my emergency stash of cash -- you do have a stash of emergency cash, don't you? -- in case something should come up. Not having the refunded second payment isn't going to hurt me any.
At any rate, auto-loan bank will process the request, the payment will go out in the US Mail as a check, and should get to me within 5 to 7 business days...
You're telling me that you'll accept my electronic payment and deduct the money from my checking account in about 10 seconds when I pay online, but it takes 5 to 7 days, a paper check, and the US Mail for me to get the money back from you?
That's world class dumbassery right there.