It's about time (and money).
Paying bills is no fun. But if you have to do it (and we all do), you might as well make it easy. Rather than wasting time and energy on the arduous tasks of writing out checks, addressing envelopes and making trips to the post office, more and more people are choosing an easier method - paying bills online - right from their computers or mobile devices.
And why wouldn't they? Paying bills electronically offers many benefits designed to save you valuable time. Consider these:
- You can pay virtually anyone in seconds. Need to make your car payment? Pay your dentist? Or send money to a local charity? With online bill payment, you can make payments with just a few simple clicks. You don't even have to leave your home or take off your comfy slippers.
- It's so easy, you can pay bills in your sleep (literally). If you have a regular fixed monthly payment such as your rent or mortgage, you can arrange to have it paid automatically. So, for example, on the first of every month (or a date you select), your mortgage will be automatically deducted from your account without you having to do a thing.
- You can reduce mail clutter. Many financial institutions are now offering e-bills, which allow you to receive electronic bills from your billers and to pay them electronically with online bill payment. With e-bills, you won't have to spend time worrying about filing your bills. You can even set reminders to make sure you pay them on time.
- Record keeping is easier. Need to track how much you've paid to a certain person or company? With online bill payment, you can see a history of your bill payments, putting the information you need at your fingertips.
Online bill payments can save you another valuable resource - your money. Online payment helps save money in the following ways:
- You won't have to spend money on stamps.
- You won't have to drive to the post office. With the price of gas today, that's a real benefit.
- You'll avoid late fees by making your payments on time. The fees for late payments, such as your credit card late fees, can be very high and result in even higher interest rates.
- By paying bills on time, you help preserve your credit rating, which can go a long way in helping you qualify for better rates when you need to borrow.
Oh, and did we mention that you'll help save the planet by reducing your paper use? Just think of yourself as an electronic-bill-paying superhero.