Bill Payments - Allow payments to be scheduled
When making a bill payment using open banking direct transfer from bank account, it would be nice to be able to schedule the payment - currently there is no ability to do that.
Hitesh Panchmatia
shared this idea
Hi community, thank you for continuing to support and engage us with about your needs in flexible ways of making payments with Xero.
As noted in my last update, we have our bill payments solution with Crezco that offers the ability to schedule a future date of payment.
Similarly, we now have US bill payments with Melio that encompasses the ability to schedule a payment to be made on a specific date.
We are continuing to expand on our bill payments agnostic solutions and I'll keep you updated here of other regions this functionality becomes available.
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John Kelly
commented
Agreed. Without this functionality we need to stick with our BACS payment process.
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Lucy Bartlett
commented
Yes agreed! I was really happy to see this open banking feature but then sadly disappointed that you cannot future date payments. Our bank charges £2.50 for a faster payment and 50p for a next day so its costing me £2.50 to send 24p to Xero. Its not cost effective so I won't be using it until this function is available. I almost feel that unless you have free banking (in most cases this doesn't happen unless its new business bank account) this product you've offered for the time being is pointless. I don't think you should have launched this product in Xero until you had the full functionality that Crezco offers.
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Michael van Zwanenberg
commented
100% agree. This functionality has been lost since we transferred from Wise to the Xero method of paying bills.
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Adam Tarrant
commented
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Adam Tarrant
commented
This is a critical feature.....banks charge extortionate fees for same day payments so using the direct transfer feature is currently unviable. Crezco offers scheduled payments as part of its open banking so not sure why it's not possible in Xero.
Scheduled payments is a vital part of business banking surely?!
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Michael van Zwanenberg
commented
Add a payment date for Crezco open banking payments so they can be scheduled upto 10 days in advance. This used to possible with Wise batch transfers
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Mark Spencer
commented
Businesses frequently need to schedule future payments. One example of many is scheduling payroll to ensure that staff are paid on the alloted date irrespective of public holidays (Christmas, New Year, Bank Holidays et etc).
This needs sorting please.
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Philip Hankers
commented
Unfortunately we will not use this functonality until future bill payments is an option.
Due to the excessive costs charged by the banks for same day payments I do not believe that we will be the only Xero customer not willing to incur substantial additional bank charges by using Bill payments via Open Banking / Crezco.
Crezco tell me that the functionality is available on their software but not via Xero. They say this is on the Xero 'roadmap' but are unable to say how long the road is......