Save Time and Money with Online Banking
I love online banking. I save time and money each month by using this free service. I can log in to my bank at my convenience to:
- Make and schedule bill payments from any of my accounts
- Schedule a recurring bill once and not have to worry about sending future payments of the same fixed rate
- Request copies of payments or checks
- View and download monthly statements
- Change my address with the bank
- Request a replacement card if mine ever breaks
- Set up alerts if my account balance gets below a certain point–the alerts can be sent to my phone or to my computer
Paying your bills online also helps maintain lower interest rates and decrease your chance of defaulting to a higher APR. Keep in mind these helpful tips to pay your bills online:
- Make a habit of paying bills as soon as they are received
- Schedule a recurring payment through your bank’s online bill payment system
- Allow the bill provider to auto-debit your bank account each month
- Know your payment due dates each month, as they can sometimes vary
- Use the bank’s alert system to remind you will bills are due
- Remember the payment may take a few days to arrive depending on payment method and location
My favorite thing about online bill pay is the bank pays for the postage to mail the payment! Do you use auto debit or online bill pay each month? Do you think it saves you time and money?