Share a SolutionAsk a Question
To Top

Using Bill Pay Features

The bill pay feature on your checking account allows you a bit more control over when bills are paid than having the payee choose the date of withdrawal. This is a guide about using bill pay features.
Ad

Solutions

Share on ThriftyFunThis guide contains the following solutions. Have something to add? Please share your solution!

0 found this helpful
January 20, 2005 Flag

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.

Ad


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

CommentWas this helpful?Helpful? Yes
September 19, 20090 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. That way I change the date of payment if necessary. That has also helped.

Ad
ReplyWas this helpful?Helpful? Yes
Related Content
Categories
Budget & Finance Paying BillsFebruary 4, 2017
Guides
White Low Flow Toilet
Saving Money on Your Sewer Bill
PayPal logo
Using PayPal
Insulating Your Home, Insulation Ready to Be Installed
Insulating Your Home
An upclose photo of a laptop keyboard.
Saving Money on Your Internet Bill
More
👒
Mother's Day Ideas!
🐰
Easter Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
© 1997-2017 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on March 19, 2017 at 8:46:59 PM on 10.0.1.148 in 2 seconds. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!