Beware of giving them automatic withdrawl - My father who is a senior on a fixed income was taken money from with no contract for over a year after he had terminated his account. He didnt find out until he was asked by a bank teller about his shaw payments. He had almost 1800 dollars taken and when he asked for it back they would only give him a credit.So what he had pre paid... He had to fight for months and get a lawyer involved to get money back. Please be careful . contract or no contract