With Online Bill Pay, you can pay your bills safely whenever you want. No more checks. No more stamps and envelopes. Paying bills online with your credit union allows you to pay any bill, anyone and any business, without even touching a pen. It does not matter if your invoices are paper or electronic. Online Bill Pay will make the payment for you. Best of all, it’s fast, easy, and free.
I love paying my bills online. In fact, I think I only wrote three or four checks in the last year and they were all sent to people, not a company. I really love the convenience. So, in addition to the convenience of paying bills online, what are the other benefits of paying bills online?
Save time. I can pay a ton of bills in less than 10 minutes and that includes logging into my account online.
Save money. Now that a first-class stamp costs $ .49, it makes paying your bills the old-fashioned pretty expensive. If you have 10 or more bills each month, you will spend approximately $ 5 per month. Online bill paying at most credit unions is free, adding to a savings of $ 60 per year.
Increase security. Paying bills online can help prevent identity theft and provide additional security for your transactions. Online bill paying at most credit unions use the latest technology and security to keep your financial information safe.
Support the environment. It is amazing how much can be gained if everyone works to improve the environment. Did you know that reducing the amount of paper you use saves trees and reduces greenhouse gases and fuel emissions? Less paper means greener.
The benefits described above are the most obvious, but there are many more:
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Pay bills from anywhere.
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Control when bills are paid to avoid late fees.
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Pay bills individually or in batches.
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Schedule one-time or recurring payments.
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Access your payment status and payment history.
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Enter payment information just once with the convenient customizable payee list.
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View selected billing statements from payees online.
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Set up email alerts for bill arrivals, due dates, and upcoming payments.
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Skip or modify a single instance of a recurring payment.
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Run payment reports and create custom reports.
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View your payments up to six months in advance with the payment schedule.
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View recently processed payments and pending payments on the main bill pay screen.
Mobile access to check balances, transfer funds and pay bills from your cell phone or other mobile device.
There has been an explosion of technological advancements in recent years, so it amazes me that more people have not started using online banking. I urge you to take advantage of online bill paying to save time and money, reduce clutter, and most importantly improve your financial management.