5 Benefits Of Paying Bills Online
Most banks offer an online bill payment service that lets you pay bills electronically using a secure online account. You then designate the amounts and dates that you want to pay utility bills, credit card payments, loan payments, appointment fees and more. Following are five benefits of using an online bill payment service.
1. Paying Bills Online is Convenient and Saves Time
From your Web browser or mobile device, you can pay bills quickly and easily. In a few short clicks, you can pay all of your bills online–you no longer have to visit multiple websites, send checks in the mail or visit a location in person to make payments.
Most services also let you set up automatic, recurring payments. Bills get paid on time, saving you time and avoiding late fees.
2. Paying Bills Online is Safe and Secure
Paying bills online ensures that your information is safe and secure. Your account number, signature and routing number remain secure so you don’t have to worry about exposing your confidential information. Paying online also helps protect your privacy and identity by eliminating any risk associated with lost or stolen paperwork.
3. Paying Bills Online Lets You Stay in Control
With an online bill payment service, you control when your bills are paid and how much you want to pay on each bill. If you change your mind, you can change your choices—or even cancel the payment—right up until the payment is actually made.
4. Paying Bills Online Makes Record Keeping a Snap
With an online bill payment service, you can keep all your billing and payment information conveniently in one place. Everything is organized for you and available for review online—especially convenient at tax time.
5. Paying Bills Online Can Save You Money and Help the Environment
Paying bills online helps you save the cost of stamps, checks and envelopes. It’s also an eco-friendly option that cuts down on the use of paper, not to mention clutter. Some financial institutions even offer the ability to receive your bills electronically, with the added convenience of receiving, viewing and paying bills all in one central location.