Adding or Removing a Payment Account
To add a payment account from your profile, you'll need to:
- Sign in to your Earnest account.
- Select “Payment Methods” from the left-side menu.
- To add an account, click “Add New Account,” choose account type (checking or savings), enter the routing and account numbers, and select “Save.”
- You will then be able to view this account as an option for future payments under “Your Accounts.”
You will then be able to view this account as an option for future payments under “Your Accounts.”
To remove an account: Click "Remove" underneath the bank account you would like and follow the prompts. It’s important to note that you won’t be able to remove an account that is currently enrolled in Auto Pay.
Changing the Account Used for Auto Pay
In order to change your bank account, your loan must currently be in repayment (with a payment due). You may change your Auto Pay account by following the steps below:
- Sign in to your Earnest account.
- Select your loan from the left-side menu.
- Choose "Change Auto Pay Settings,” and then “Edit Bank Account.”
- Select your desired payment account from the options available and press “Continue.”
- Click “Confirm changes.”
You should not experience any lapse in the 0.25% Auto Pay discount when changing the bank account. However, if you cancel Auto Pay and wait until a later date to re-enroll, you’ll lose the 0.25% discount until the next successful Auto Pay extraction.
Switching the account you use for Auto Pay can take up to five calendar days to be implemented. If your current billing period falls within this time, any updates will be processed after the scheduled payment date to ensure there are no issues with processing the changes, and your Auto Pay will still be processed from your previous bank account. To have maximum confidence in the bank that will be used, we recommend updating your preferred payment account five or more days before your due date.