Potential to cut costs: With bill pay, you don’t just save money on the cost of potential late fees, but also on the costs associated with mailing physical checks. Convenience: Instead of having to visit 10 separate websites to pay your bills each month, bill pay allows you to simply sign in to your bank’s portal and pay via the central dashboard or have the process completely automated. It also takes the pressure off of you to plan for and remember all of your bill due dates, and automates the process. This means you won’t face the consequences that can be associated with late or missed payments, such as hefty late fees or dings to your credit score. Reliability: A core feature of bill pay services is that your bank or credit union guarantees on-time payment, as long as you have sufficient funds in your account. There are an array of advantages with using a bill pay service, including: If you are required to pay a bill via mailed check, your bank also can take care of writing the check and mailing it to your provider. Typically you will schedule for your bill to be either a one-time payment or to be paid automatically on a recurring basis. After enrolling and providing your bank with your bill provider’s information, your bank will then pay your bills on time, deducting the bill payment from the funds in your account. #Type of bills to pay free#
Now that banks and credit unions are improving their bill pay services, it’s one-stop shopping: You can control all of your payments from a single dashboard.īill pay services are usually a free feature of bank accounts, typically checking accounts. While it’s been possible to pay bills online for many years, customers used to have to pay each provider separately using a credit or debit card on that provider’s website. Payments can typically be sent automatically. You can use online bill pay to pay for a number of bills - rent, mortgage, cable, phone, utilities and credit cards - all from a single dashboard. With online bill pay, you can have money sent directly from your bank account to those you owe with the click of a button. Online bill pay is a service that many banks and credit unions offer to help customers pay their bills quickly and seamlessly.
Checking accounts that offer online bill pay services. 
What to watch out for when using a bill pay service.
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