How to pay Bills online?
How to pay bills Online helps you manage your bills without having to worry about paper bills and checks. It covers various types of online bill pay and how to pay the bill online quickly and easily. Online bill payment is an easy task.
Types of Online Bill Pay:
The various types of How to pay bills Online are:
- Online bill pay offered by your bank,
- Online bill pay offered by your service providers (Phone Company, Mortgage Company etc).
Online bill pay offered by your bank:
The first type of how to pay bills online is a service that sends money from your bank account to whoever you wish. In some cases these online bill pay services will actually print a check and mail it to the recipient. If you want to send payments to the company you need to setup the banking system in which the bank will simply transfer the money electronically when you use online bill pay.
To set up this type of online bill pay you need a copy of the bill that your service provider sends you. Now you set up a new payee in the name of that company at your online bill pay website. Then copy the address and your account number, and enter that information too. During each time of payment you need to just enter the amount of the bill. The bank will print and mail a check that will pull money from your account.
To be safe, you should double check with the payees if they have specific instructions for receiving payments via online bill pay. Some payees will not recognize the check and in this case they may give you an alternate address or other instructions.
Online bill pay offered by your service providers (Phone Company, Mortgage Company etc):
The second type of online bill pay (online bill pay offered by your service providers) is a service that will only allow you to pay one company. For example, phone company.
To set up online bill pay with the phone company, you need to provide the company a correct check and one or two forms and authorizations. The process is very similar to direct deposit but they call it online bill pay or ACH debit.