Speak to one of our specialist advisors 0808 156 7730

CPAs – keep a close eye on your bank account

12 December 2017 - Posted by TalkAboutDebt

What is a CPA?

A ‘continuous payment authority’ is a type of regular automatic payment that you can set up using your debit or credit card

The authority is linked to the bank or credit card account that your card is linked to. It’s a popular method of making regular payments – it’s favoured by many businesses, including gyms, internet service providers and even payday loan providers.

Top tip

Failure to keep a close eye on your bank account, and continuous payment authorities (CPAs) or recurring payments could end up costing you hundreds of pounds a year. CPAs are often the preferred payment method for insurers, as well as companies offering ongoing delivery, downloading or reporting services. So whether you have home insurance with The AA, or have signed up to a service such as Amazon Prime, you will keep being charged on a monthly or annual basis until you cancel the CPA. That’s why it’s worth checking your bank account regularly to ensure you are not being charged without your knowledge.

NB If you do spot a payment you did not mean to make, cancel your contract or membership and contact the company to ask for a refund. You can also ensure that no further payments are taken by emailing or calling your bank and asking it to cancel the CPA.

This article was written by

Check to see if you qualify to get debt help

Quickly find out if you can write off your debt today

Please select the total sum of your debt

Less than £7,000
£7,000 - £20,000
More than £20,000

How many creditors do you have?

less than 2
2 or more

What type of property do you live in?

Owned
Rented
Private Rented
Living With Parents

Where do you live?

Scotland
England
Wales
Northern Ireland

Please enter your details

I agree to be contacted by phone, email or SMS. See our Privacy Policy for more information.

Uncover options you didn't know existed.

Live Chat

Got a question? Our advisers will point you in the right direction.

  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed
Launch chat

Call us

Got a question? Our advisers will point you in the right direction.

0808 156 7730
  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed