What is bill pay?
Bill pay is the fastest growing Internet tool since email. Bill pay (or billpay) is an online service that allows you to setup online and offline payments. These payments can be setup to run automatically on a certain day of the month or you can login and enter a manual bill to be paid. Online bill pay providers will have a set of partners they can pay electronically by simply transferring money to pay the bill. These are large companies like phone companies, cell-phone providers, cable and satellite TV services and other banks and financial institutions. If the bill can’t be paid electronically, your billpay provider will actually print a check and mail it for you. This means you can pay any bill or debt to anyone. You could even have them send a check to your babysitter or the neighbor boy who mows your lawn.

Where does the money come from?
When you signup with bill pay you will need to provide them with the information to deduct your bills directly from your checking account. This can be a bit of a process and may include faxing in your bank information. They will then do a small deposit and deduction from your account to confirm that they have the correct information.

How much does it cost?
Most billpay services charge a monthly fee to use the service or they bundle the bill pay service with other services that you are paying for. Many banks and credit unions offer their customers a bill payment service for free or for less than $10 per month.Online Bill Payment will simplify your LIFE!
You can really make your life easier if you pay your bills online. Those bills that are the same amount every month will simply be paid automatically. This saves you time and eliminates any possibility of being late. Your other bills can then be paid by simply logging in and entering the amounts to be paid. You set each payee up only once. Then the next time you can pay the bill with just a few clicks of the mouse. The system then tracks everything and you never have to remember who was paid and when. The billpay system will track it all.