MoneyWorks Manual
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Renewing a Charged Service
Services that are charged for by Cognito will automatically renew after the allotted time (the renew date is shown for charged services).
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On the renewal date, your lodged credit card will be billed the service fee, and a receipt emailed.
You need to disable the service (or delete the lodged credit card) before the renewal date to stop the service being renewed and charged for.