Skip to Content

Make smart financial decisions with DailyFinance

Automatic bill pay's dark side: Man's death undiscovered for two years

More
Text SizeAAA

Filed under: Banks, Home

Brian Dean was a private, reclusive man, one who went to and from his Lancashire, England home by the dark of night, one who paid his bills on time, and one who obviously had a quite substantial amount of money in his bank account. Because when he died in his bed about two years ago, the automatic withdrawals kept occurring to fund his utilities and other expenses, and no one thought to knock on the door.

Police officers broke the door down and discovered his body and a huge pile of unopened mail inside his door. It wasn't reported how they were inspired to check on the 70-year-old Dean.

While this is surely an extreme example of the blind efficiency of modern conveniences -- and is an argument for being connected to one's community -- it makes me wonder if setting up automatic bill pay from an account large enough to pay bills for years isn't ultimately a bad idea. Today I discovered that my Fidelity 401(k) account could be configured to pay my bills; and it seems a little too convenient to think that I could sell some stock to pay my water bill. I've always thought that keeping investments and savings less accessible and definitely separate from your checking account was the prevailing wisdom. Are we sacrificing too much for ease-of-use? [Thanks to Stacy Westbrook for the link!]
Subscribe to Walletpop

Reader Comments (Page 1 of 11)

How Much Should I Save?

$
$
%
What are the Next Hot-Spots in the Luxury Resort Scene?
Luxist Awards asked three of our Expert Panelists, all veterans of the travel industry, about the ...
The Luxist Awards for Best Accessories
Do you know of a magnificent jewelry line with pieces that are to die for? Which is the finest ...

Zac Bissonnette
Zac Bissonnette Filed under: Tax, Celebs & Money

He'll be back: Arnold Schwarzenegger owes the IRS

California Governor Arnold Schwarzenegger owes $79,064.00 in back taxes, according to a federal tax lien filed by the IRS in LA County Superior Court. This seems more likely to be a fluke/oversight ...
Julia Scott
Julia Scott Filed under: Saving Money, Bargain Babe

Double cash back rebate deals

eBates.com has some AMAZING cash back rebate deals so if you are shopping online, you are losing a lot of money if you don't shop through their site. (Also check rivals Cashbaq.com and Extrabux.com ...
Beau Brendler
Beau Brendler Filed under: Entrepreneurship, Charity, Fraud, Consumer Ally

Kiva: A great idea that isn't exactly what it seemed - how to find a charity you can support

The online micro-finance charity Web site Kiva rose to be a shining non-profit success story in the recession years. It marries the trendiness of social entrepreneurship with an almost perfect ...
Julia Scott
Julia Scott Filed under: Shopping, Black Friday, Bargain Babe

Black Friday coupons and cash rebates

So you missed the doorbusters. No worries. Who wants to cram into a store at dawn or set the alarm for 2 a.m. to get a virtual doorbuster? The best thing about Black Friday is you can go later in the ...

Banking Tools

Use these bank account calculators and tools to help you make the smartest bank account moves.

    Headlines from WalletPop Partners