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Today’s Internet technology makes it unbelievably simple to set up what is called online bill pay. As the name suggests, online bill pay allows you to pay all of your bills online. Once you open an online bill pay account, your bills online. One you open an online bill pay account, your bills go directly to the company proving the service, which scans them and then presents them to you online. All you have to do to pay them is click a button. The funds to cover each bill are automatically taken out of your bank account. What is nice about online bill payment is that you can use it to send money to whatever your life automatically. Say you want to fund your retirement account with $50 a week. Online bill pay can do this for you every week without you’re doing anything other than setting it up. The cost to open an online bill payment service should run you about $12.05 a month. I think it is great.
The established online bill pay companies are
Today, you can also use online bill pay at most banks or brokerage firms. In many cases this online automated bill pay system can direct where you want your checks sent automatically at no cost.
