With Online Bill Pay, you are able to securely pay your bills whenever you want. No longer writing checks. You can forget stamps and envelopes. Online Bill Pay along with your credit union allows you to pay any bill, any person and any organization, without ever touching a pen. It doesn’t matter if your bills are paper or electronic. Online Bill Pay can make the payment for you. Additionally, it’s fast, easy and free! I really like paying my bills online. Actually, I do believe I’ve only written 3 or 4 checks in the last year and they certainly were all provided for individuals, not a company. I really love the convenience. So, besides the capability of online bill pay, what’re one other advantages of paying bills online?
I will pay a bunch of bills within just 10 minutes and which includes signing in to my online account. Now that a high grade stamp costs $.49 it makes paying your bills the old-fashioned way pretty expensive. When you have 10 or maybe more bills each month you will soon be spending approximately $5 per month. Online bill pay for the most part credit unions is free in order that adds up to a savings of $60 per year. Using online bill pay can help prevent identity theft and offer you additional security to your transactions. Online bill pay at most of the credit unions use the latest technology and security to help keep your financial information secure. It’s amazing simply how much can be made if everyone makes an endeavor to enhance the environment. Did you realize reducing the amount of paper that is used saves trees and reduces greenhouse gasses and fuel emissions? Less paper means more green.
Online bill presentment and payment services are given by not merely many major billers and large banks nowadays but additionally by a selection of smaller innovative financial services companies. All of these services claim to be broadly equivalent, with each of them offering a variety of bill presentment, management and payment features to produce a consumer’s life apparently simpler and more efficient. However, these different services vary greatly in what they offer and in some instances the features they claim to have are not at all equivalent. A consumer therefore needs to take care to ensure that he or she selects the service that’s most likely to fill their needs and in this brief article we therefore offer some hints on which to check for.
Below are what we see to be the key criteria through which any consumer should ideally evaluate any online bill presentment and payment service. Bill presentment means the capability to visit a bill in an on line system of some kind. For most services this means either to be able to begin to see the bill in a contact attachment (usually as a PDF) that will be certainly not an on line rendering at all (as it is merely a digital version of a paper bill). Some services provide a single line item bill view before paying it. This really is useful but far short of the full bill presentment. Consequently, the most advanced services are supplying a full digital bill which can be one that is not only supplied in its entirety (even if it runs to many pages) but could be saved, sent on/forwarded or clicked onto effect payment.
Bill management features aim to help keep a client on target for paying bills promptly (or even early). A good service-provider should offer different alerts (ideally both email and/or SMS texts) that tell a consumer when his / her bills arrive, are due, are paid and are overdue/late (and sometimes the customer can choose when and ways to get these alerts). Additionally, the buyer should always manage to view the important points of the bill no matter its format. Other useful features to be aware of add a bill payment calendar and online notes. In the most sophisticated services bill storage is unlimited meaning that the customer can store their bills indefinitely. Good online bill paying services will often include many different payment features. However, many banking services may only offer bill payment from the checking account and large billers with online bill pay portals may only allow ACH and the major credit cards. The independent services are therefore prone to offer much greater payment choice, and sometimes payment by online wallet, instant bank transfer and even cash (as well as virtually all available credit and debit cards). A good service may also allow a client to decide on which payments he or she wants to make monthly individually and which he or she wants paid automatically (with a controlled payment such as a direct debit).
Apart from the site being user-friendly, online bill presentment and payment services at certain portal must certanly be easy to set up and use, otherwise they don’t really provide the convenience they promise. This should ideally mean the capacity to pay a bill as a guest or very first time visitor without registration on the service. And if a consumer does register, the device should remember the maximum amount of data as has already been entered and the buyer should not be required to enter his / her payee and/or account information more than once. Although consumers mainly pay their bills one at a time, they may choose to significantly more than this. A site which allows this functionality (and needs only 1 login and password for several bills) therefore posseses an advantage. This should include lots of analysis and reporting capabilities, considering historical cumulative bill payments, aggregate data and even overall spend totals that could well be useful in regards to finish of year tax returns. Look for a service that can be obtained 24 hours a day 7 days weekly because most consumers will wish to cover bills outside normal office hours. There also needs to be good customer care support offered, both with available documentation and FAQ’s and a free of charge call number when a consumer must speak to a customer care representative. There are clearly other criteria which could well apply to choosing an on line bill presentment and payment portal but they’re the main categories under which a customer can evaluate each service that’s offered.