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Wondering how to stop automatic bank payments? Automatic bank payments are easy to set up, but can be tough to stop. In this video, Attorney Eric Olsen, Executive Director of the HELPS Non-Profit Law Firm, explains how to stop companies from taking money from your bank account once you've given them permission. Time Stamps 0:00 Automatic bill payments are convenient but hard to stop 0:27 Introduction to HELPS Nonprofit Law Firm and Attorney Eric Olsen 1:29 Why would you want to stop an automatic bank payment? 3:45 Your bank may pay a creditor even if you don’t have the funds and charge you a fee for it as well 6:15 What’s the easy way to stop an automatic bank payment? 8:05 How to ensure stopping an automatic bank payment 9:49 How to stop an automatic bank payment in writing 12:06 How to ensure stopping an automatic bank payment when there’s not enough lead time 13:15 How to stop an automatic bank payment made through your debit card 14:44 How to stop a bad creditor from taking money out of your account later 17:18 Could an old autopay work if I close my account and open a new one? 17:55 Recap of how to stop an automatic bank payment It's easy to set up an automatic bill payment through your bank account, but it can be difficult to stop. Banks have set up different ways of setting up automatic bank payments, and the methods of stopping each differ. Attorney Eric Olsen, Executive Director of the HELPS Non-Profit Law Firm, knows the laws, and helps many seniors hang on to their money. He will explain the different ways to stop automatic bank payments, and what to do to make sure a bad creditor won't reach into your bank account ever again.