Paying by electronic funds transfer often comes with a discount and makes it so you are more likely to keep your policy active. (thebalance.com)
This code is a unique code given to each branch of each bank to enable the process of electronic funds transfer. (policybazaar.com)
The company does, however, offer savings of up to $ 50 in installment fees to policyholders who enroll for electronic funds transfers and automatic payments. (valuepenguin.com)