How do I set up a bill reminder for my loan account?

Modified on Fri, 13 Nov at 9:02 AM

Set up a recurring bill reminder for an existing loan account to help you remember installment payments and avoid late fees.

Steps to create a reminder

Open the TimelyBills app on your device
Navigate from Home screen to Account screen
Tap on Loan Account from the account list to open Detail screen.
Scroll down and tap Enable Payment Reminder.
On the Create Bill Reminder screen, review the Pre-Filled Details populated by the system and Detailsto be added
- Loan Account: Auto populated by our system
- Amount: Your installment payment amount.
- Due Date: The date your next payment is due.
- Repeat schedule: How often the Payment Repeats and when reminders should end.
- Remind Before: How many days before the due date you want a reminder.
- How it is paid: How the payment will be recorded:
  - Select anyone options: Mark Paid Manually or Mark Paid Automatically
  - Record as Expense toggle (enabled by default). Turn this off to record the payment as a Transfer between the payment account and loan account.
  - Select the Bank Account that will be used to make Loan Payments
Notes: Add personal notes to help identify or track the loan reminder more easily.
Tap Create to save the payment reminder.
To verify that the reminder was created successfully:
- Visit the Recurring tab within Bill Reminders
- Check the Upcoming Transactions section on the Loan Account Detail.

Helpful tips

Review the pre-filled amount, due date, and repeat schedule before saving.
When Record as Expense toggle is disabled, the installment payment is treated as a Transfer transaction between payment and loan accounts.
Mark Paid Automatically option only records the payment in TimelyBills but it does not make a payment through your bank.
To Stop receiving reminders for a loan account, simply turn off the Enable Payment Reminder toggle.
If the Reminder Does Not Appear immediately, wait for a few moments or tap the Refresh/Sync icon on the loan account details screen to sync
Linking reminders to the correct payment account helps maintain accurate cash flow tracking, spending reports and net worth calculations.

If you experience any problem or have any query, please contact support at support@timelybills.app.

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