social

Using Bill Pay Features

January 20, 2005

A smartphone being used to pay a bill online.Most checking accounts now include a Billpay feature. My account has Pay My Bills and it is free. It works better for me than Automatic Pay. We have a tight budget, and with automatic payments on my bills, I would have to worry about having enough money in the account when the creditor decided to withdraw his payment. With Pay My Bills, I choose the date the payment is made.

Advertisement



We get our Social Security checks deposited to our account on the 3rd of the month, so I schedule the bills that come in during the month to be paid on the 4th of the following month. I schedule them the day they arrive in the mail so that I don't have to spend a lot of time at the last minute paying the bills.

It saves on postage, also. I have a temporary file for payment pending. As soon as the payment shows in my online bank statement, I move the bill, mark it paid and file it into my permanent files.

By Harlean from Arkansas

Comment Was this helpful? 1

Comments

September 19, 20091 found this helpful

I definitely agree with you on the Bank Bill Payer as opposed to the automatic withdrawal by the creditor. Temporary file for payment pending is a fantastic idea. Wish I had thought of that a long time ago. I have projected my bank account showing expected income and expenses for several months with a running balance so that I do not get overdrawn.

Advertisement

That way I change the date of payment if necessary. That has also helped.

Reply Was this helpful? 1
July 29, 20190 found this helpful

I have for years projected into my checking account to give me leeway for paying all of our bills via the Bill Payee on my account. It keeps me solvent and I don't worry about having to come up with money that we wouldn't have if I didn't do this. I only have a couple of bills that are set up to pay automatically via my Bill Payee account. I have no payments set up to withdrawal from my checking account, because I want complete control over my accounts and when they are paid, I have them set up to be billed to a credit card. It works for us, no worries and no problems either.

Reply Was this helpful? Yes
Categories
Budget & Finance Paying BillsFebruary 4, 2017
Pages
More
🍂
Thanksgiving Ideas!
🎃
Halloween Ideas!
Facebook
Pinterest
YouTube
Instagram
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2022-10-23 19:45:06 in 4 secs. ⛅️️
© 1997-2022 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/Using-Bill-Pay-Features-1.html