Not so long ago, paying bills meant sitting down with a checkbook and a stack of envelopes. Today, paying bills online is the norm. Before you do that, however, you need to make a choice. Lots of businesses offer their own online payment systems, but many banks also have online bill payment systems. So which do you choose?
Let’s look at two ways to pay a utility bill online.
One, you could log on to the utility’s website with your user name and password and input your information (name, address, bank account, etc.). Now, multiply that effort by every bill you want to pay online. You could spend a significant amount of time logging on to different sites, each with unique user names and/or passwords. Not to mention having to keep track of what bills are automatically paid on what dates.
Or you could log on to your bank’s website and use its bill pay system. In that case, you could set up payments for multiple bills from a single online location and never miss a payment again. It could save you substantial time, prevent you from overlooking a bill and reduce the potential security hazard of having your bank account information on multiple third-party websites. With your bank’s online bill payment system, you can pay that utility bill at the same time as other bills — without ever leaving the bank’s website.
Convenience might be enough to help you decide which way you want to pay your bills online. But if you’re still unsure, consider these other benefits of paying bills online through your bank:
When deciding how to pay bills online, security and convenience are usually top priorities. You can have that and more with your bank’s online bill payment system, all while investing minimal time and effort.
Continue reading to learn more about paying bills online.
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