Managing Owners Corporation fees can sometimes be a challenge, especially when faced with quarterly or six-monthly payment notices. However, there is a convenient way to stay on top of fees by setting up recurring payments through DEFT. In this article, we will explore the benefits of using DEFT to pay Owners Corporation fees and how it can help budget more effectively.
Understanding DEFT
DEFT is a secure and flexible payment platform that allows individuals to set up regular, automated payments for various bills, including Owners Corporation fees. By linking DEFT account to income schedule, to ensure that a portion of a wage is allocated to pay fees regularly.
Benefits of Setting Up Recurring Payments:
- Consistent Budgeting: One of the primary advantages of using DEFT for Owners Corporation fee payments is the ability to set up recurring payments based on pay frequency. If someone receive their income fortnightly, for instance, they can allocate a portion of their pay to cover their fees. This ensures to be consistently contributing towards fees, making it easier to budget and manage finances.
- Avoiding Last-Minute Rush: Quarterly or six-monthly fee notices can sometimes catch us off guard, leading to last-minute scrambling to gather funds. DEFT reduce the stress of large lump-sum payments by making regular contributions throughout the year. This proactive approach ensures that when the fee notice arrives, significant progress has already been made in covering the costs.
- Eliminating the Risk of Late Payments: Late payment of Owners Corporation fees can result in penalties and strained relationships with property management. DEFT allows to set up automatic payments, reducing the risk of forgetting due dates and incurring unnecessary late fees.
- Customised Payment Schedules: DEFT offers flexibility in setting up payment schedules according to each financial preference. Whether by paying weekly, fortnightly, or monthly, DEFT allows to tailor the payment frequency to align with each income structure.
- Enhanced Financial Control: By automating Owners Corporation fee payments, each individual gain better control over their financial obligations. It allows to track payments, monitor account balance, and make adjustments as needed. This level of control contributes to overall financial stability.
Setting up recurring payments with DEFT for Owners Corporation fees is a convenient way to manage finances. It not only ensures consistent contributions but also helps avoiding the stress of last-minute payments and late fees. Taking control of budget, streamline payments, and enjoy the peace of mind that comes with staying ahead of Owners Corporation obligations.
