Bank account for payments

JFox

DIS Veteran
Joined
May 23, 2015
Messages
955
Can I set up more than one bank account for automatic draft of monthly payments and dues? For example, 50% drafted from 2 different accounts?
 
I would guess no. If you are a signee on both accounts, why not set up an automatic monthly transfer from one account to the other at the bank(s) for 1/2 the dues. The same could be done if the accounts are under two different names, like if you bought with family, just have one account automatically transfer an amount equal to 1/2 the monthly dues to the account from which the the payment is drafted. Now, if you've financed DVC and owe a note payment in addition to dues, they can probably draft the note payment from one account and the dues from another.
 
Can I set up more than one bank account for automatic draft of monthly payments and dues? For example, 50% drafted from 2 different accounts?
I doubt it but if you have separate DVC accounts you could do so. If it's the same bank, even if different people, you could likely set up an automatic transfer monthly. If it's different banks or the auto transfer didn't work, you could just send a check from one to the other automatically every month.
 
If not, just have an auto transfer set up between one account and the other, then give DVC the account where both funds were set up?
 

We have the monthly payment coming from one account, and the dues from another. That was easy to set up online. I don't recall seeing a way to use two different bank account for one item....but perhaps Membership Services could advise you better. It's possible that you could fill out paperwork and send that into accounting that would allow you to split the same item fee between two different accounts.
 













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