Follow Us: Google+
 
Bankrate.com

banking

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 Bankrate.com 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 Bankrate.com. I'm Katie Doyle.

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Checking Rates



advertisement
Most Read
  1. 10 ways to turn off a homebuyer
  2. No more Social Security at 62?
  3. What TV homes cost in real life
  4. 5 frugal ways to expand living space
  5. Naughty things credit card won't buy
  6. What it takes to remodel kitchen
  7. Danny Bonaduce's house for rent
  8. Bruce Willis' house for sale
  9. 12 meanest cars for the environment
  10. Celebrity estate planning mistakes
Savings Overnight Averages
Product Yield +/- Last week
MMA
0.47% 0.47%
$10K MMA
0.47% 0.47%
MMA jumbo
0.60% 0.60%
Interest checking
0.50% 0.50%
Compare rates:
Don Taylorsavings
Hanging on to Series EE bonds may be more lucrative than redeeming them.
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.