The availability of online banking allows individuals to pay their bills automatically, without sending checks or going to the actual address of the payee. Precious time is saved when the billing information is entered onto the bank’s website so that the payment process is scheduled automatically. But first of all, enroll in online banking on the bank’s website.
Check Your Payment History
Take a look at your current bank statement and check whatever payments you have to make per month. Check previous statements to find out what other monthly payments you are making, including insurance premiums, credit card bills, car notes, utility bills, and others. It is important to know all bills that you pay on a monthly basis in order to include them in the automatic payments using your savings account.
Check the Bank’s Website
Make a List of Bills
To save time, it is best to organize all bills into a list. Make sure you include the information required by the bank. List every bill that you pay via check or other means. Compile a list of all bills such as cable TV, Internet, gas, electricity, water, phone bills, payments on investments, paid memberships, loans, insurance premiums, security system, and others.
Enter the Data on the Bank’s Website
First check if the <>bank has an online record of the names of various payees. If your bank has such a record, you can pay your bills automatically by simply using your savings account. Start with one bill first. Check out the record of the payee and click the link that will take you to a form in which the needed information is to be entered. There are several options that may be available. If you only need to pay once, make sure you use the one-time payment link to enter the billing information. If you will be paying on a recurring basis, then use the scheduled recurring payments’ link to enter information.
Take time to enter all required information. Start with the amount that has to be paid. Then, proceed with information about the payee, including the address if required. Input the schedule of payment and your account number. Finally, you have to fill in other required data and verify the information before clicking okay, proceed, or any word that is used to confirm the transaction.