Benefits of online bill pay

Bankrate Audio » Benefits Online Bill Pay

Listen to audio

Editor's note: This is a transcript of the audio file.

It's no secret that online bill-pay systems offer consumers a convenient way to pay bills without paper checks, envelopes or stamps, but what other perks are available? I'm Katie Doyle with the Personal Finance Minute.

Thinking of trying online bill pay? There are multiple reasons to use this service, including setting up recurring payments, making immediate payments and monitoring your accounts.

But how about tracking your spending? Online bill pay can help you with that, too.

Many banks offer money management tools to categorize your expenditures so you can see, for instance, that your pizza budget has little room left for pepperoni tonight.

Being able to spot expenses that creep up can be a big help keeping your finances on track.

And finally, want to know when your bills have been paid? Online bill pay oftentimes comes with email or text message alerts to keep you up to date.

For more on this and other personal finance topics, visit I'm Katie Doyle.


Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Are my savings bonds safe?

Dear Dr. Don, I have approximately $20,000 in savings bonds. Given the state of the U.S. economy, should I cash them in? How safe are they if the economy tanks, the U.S. goes bankrupt or the country gets a serious credit... Read more

Partner Center

Connect with us