Finance Globe

U.S. financial and economic topics from several finance writers.
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Top Benefits of Paying Bills Online

Top Benefits of Paying Bills Online

Go back in time a couple decades and nobody was paying their bills online. Instead, the only option was to send a check at the appropriate time of the month. While this is still a way of life for many, others are taking full advantage of technology.

There are many benefits associated with paying bills online. If you have avoided this in the past, the following points may be enough to push you in this direction in the future:

1. Convenience. Is there anything convenient about collecting bills by mail, filling out the appropriate information, writing a check, and then heading to the post office? Definitely not.

With online bill pay, you can avoid all of this hassle. All you do is log into your account, review your bill (if necessary), and make a payment.

2. Increased speed. For some, the biggest downfall of paying bills is the amount of time it takes. When you decide to pay some or all of your bills online, you will soon find yourself saving quite a bit of time.

Tip: this is also helpful if you need to make a payment in a hurry, such as if you forget about a bill and find that it is due the next day.

3. Save money. Who doesn’t want to save money in today’s day and age? When you pay online, a stamp never comes into the equation. Furthermore, you don’t have to go out of your way to mail your bills, thus saving on gas.

These are just a few of the many benefits of paying bills online. Even if you start slow, give this a try in the near future. There may soon come a point when this is your preferred method of payment.

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Comments 3

Frank on Thursday, 15 October 2015 09:03

I would completely agree with everything you said Chris. I would also add.
1. Record keeping – Paying online will store your payment history so you can keep track of your payments easier and can help you with your budget
2. Security – Online payments are typically very secure and safe. Mailing a check can still be stolen, which can cause you hassle to cancel the check

I would completely agree with everything you said Chris. I would also add. 1. Record keeping – Paying online will store your payment history so you can keep track of your payments easier and can help you with your budget 2. Security – Online payments are typically very secure and safe. Mailing a check can still be stolen, which can cause you hassle to cancel the check
Finance Globe on Friday, 16 October 2015 02:19

Totally agree. If a utility company doesn't allow online bill pay, then auto-draft is the next best option. My garbage company does this, I just had to mail in an authorization form once. Nearly anything to save time will win my vote!

Totally agree. If a utility company doesn't allow online bill pay, then auto-draft is the next best option. My garbage company does this, I just had to mail in an authorization form once. Nearly anything to save time will win my vote!
Wanderer on Friday, 16 October 2015 05:57

This option took me awhile to build up the trust for automated systems (two years) but today, only way. Love auto-pay (at least the minimum) so if I am gone or forget, I do not get in trouble with the lender or other payee. In the state where I reside the US Postal Service eliminated all but one processing center (serves over 5.2 million people) so reliability for on time delivery is running 4 to 8 days maybe. In the news the USP confirmed the unexpected longer delivery times and this raises havoc with mail in payments. Glad I went automated!!! The USP finds the mail volume dropped 25% to 40% and can not justify the service levels or afford to provide them so if you are concerned, consider automated payments.

This option took me awhile to build up the trust for automated systems (two years) but today, only way. Love auto-pay (at least the minimum) so if I am gone or forget, I do not get in trouble with the lender or other payee. In the state where I reside the US Postal Service eliminated all but one processing center (serves over 5.2 million people) so reliability for on time delivery is running 4 to 8 days maybe. In the news the USP confirmed the unexpected longer delivery times and this raises havoc with mail in payments. Glad I went automated!!! The USP finds the mail volume dropped 25% to 40% and can not justify the service levels or afford to provide them so if you are concerned, consider automated payments.
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