How to Make Online Bill Payments

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By georgelarson
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Pay all your bills on the Internet,

Paying your bills is one of those things in life that just does not change yet the method in which individuals accomplish this task has come quite a ways over the past few years. The painstaking ritual of removing the bill payment stub, writing a check, putting both in an envelope and make sure the address is visible, finding a stamp, writing your return address, and then making sure it is mailed on time is why so many are beginning to pay their bills through the Internet, via online bill payments. As long as you have internet access, you can pay your bills from anywhere, at any time of day.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

Computer
Collect your bills and have account numbers.
Sign up for an onine bill payment option.

Step 1

--Internet Electronic Bill Payment Services--
Paytrust.com is a bill-paying service that offers bill presentment (it has the capability to accept electronic or scanned bills via email). Paytrust.com is a convenient site that has the ability to pay any biller, regardless whether or not they send out electronic bills. Yahoo is a popular bill paying service, but they do not accept payment to any billing agency that does not use electronic methods. Paytrust.com does make its' users assign a Paytrust.com address as the bill payer's address.

You can also use different bank sites that offer bill-paying services. The banks that are recommended the most are Citibank, Wells Fargo, and Bank of America. Citibank's service is free, and it offers an "account aggregation" service. Wells Fargo has detailed explanations and has wireless capabilities. Bank of America has a great help section, is free, and has lots of extras. MSN money is leading in sites for financial services, and MyCheckFree.com is also free to use but has no expense tracking system.
Step 2

--Internet Bill Pay Is Convenient--

Sign up for online bill pay at one of these services or your own bank. Have the names, address, full zip code (5 + 4 digits), and phone number for each vendor. The account number is also needed. Set up a 'payee' account for each vendor. When you receive the bill from the vendor simply log into the bill pay website, enter the amount to be paid and the date payment should be made, and double check for accuracy. Click okay of make payments. There may also be an option to send a note with the bill payment, much like the memo line on a check. Use this if there is need to clarify anything, with the vendor, about the online payment.

Paying your bills on the Internet is convenient and cuts down on the amount of time you delegate to this task. Sitting down to write out your bills, what you used put off to the last minute, is now fast and efficient using just the click of a mouse. An additional advantage is that there is not a waiting time for your checks to reach companies. A check delivered through the mail may take days or sometimes even weeks to reach its destination With online bill payments, the transactions are usually applied to your accounts in less than three days.
Step 3

--Online Bill Pay Follows--
When you need to pay a bill, it does not matter if your are at work, home, on the beach in the Bahamas, or climbing Mount Everest, if there is an Internet connection you can click to have your bills paid. The convenience, security, and time saving values is what is going to bring more and more people to the Internet for paying their bills.