There are several options to get the job done.
Whatever route you choose, enjoy the assurance of knowing your monthly bills are covered.
No more stressing about late payments.
What Are Bill Pay Services?
Its pretty self-explanatory: Theyre automated online services that facilitate paying your bills via website or app.
The money, of course, is still coming from your account.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you might easily return later.
Well keep it updated as offers changes or expire.
You set it up once and dont have to worry about remembering multiple due dates anymore.
What Are the Pros and Cons of a Bill Pay Service?
Bill paying services can be a great tool, but that doesnt mean theyre for everybody.
Here are some of the benefits and disadvantages of using a service to automatically pay your bills.
You may already be familiar with these options.
When you log into your online banking platform, look for information about setting up online bill pay.
Your Credit Card Company
Major credit cards also have free automatic bill payment.
double-check you factor that into your decision to use this option.
Also, know that if youre using your credit card to pay bills, youre taking on more debt.
Paying your credit card bill in full each month will keep you from negatively impacting your credit score.
Also, be aware that some prepaid cards may charge you a monthly fee.
Some service providers may even provide a discount to you if you enroll in their automatic bill pay services.
If you dont have enough funds in your account to cover it, youll overdraft.
We recommend checking out a bill pay service instead.
The best part is that some are free!
Nicole Dow is a former senior writer for The Penny Hoarder.
Michael Archambault is a senior writer for The Penny Hoarder.
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