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Ask HN: The easiest way to set up an automated recurring payment to a person?

3 points by srabeat ↗ HN
What is the easiest way to set up an automated recurring monthly payment to an individual? E.g. I borrowed x amount from a friend of mine and would like to pay him off in n months. Is any of the existing financial services (Paypal, Venmo, etc. ) offering a feature like this?

9 comments

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flukus
Your banks website doesn't have this feature?
srabeat
I am using BoA... and No. Do you know if any banks offer this?
flukus
I'm in Australia so my recommendations are probably irrelevant. I just find it hard to believe that any bank wouldn't have it, it's a feature I was using 12 years ago.
npratini
Charles Schwab allows you to schedule recurring check payments - you just give them the person's name and address, and a check will show up in their mailbox.
tedmiston
My banks offer a similar feature but each only to other people who use the same bank and it requires getting a sensitive account number or linking. It'd be ideal to be able to schedule a recurring payment or request in Venmo.
twobyfour
Pretty sure PayPal does. But like someone else said, so do most banks.
srabeat
Oddly enough Paypal doesn't! You would expect something like Venmo does it too but I haven't found anything yet