How Does Online Banking Bill Pay Work?

How online bill pay works is pretty simple: You enter a person or company you want to pay and the service sends your funds electronically or prints out a paper check and mails it to the payee.

You can receive, view, and pay an unlimited number of bills for up to a year in advance of the due date on one web site.

Is online bill pay safe?

Online bill paying is safe when you choose the right bill payment service. Typically, an online bill pay service that is backed by a bank or a company that provides online banking services will be safe and reliable. Online bill paying is much safer, for example, than handing a credit card to a waiter at a restaurant.

How long does it take for an online bill payment to go through?

It can take 1 to 3 business days for an online or phone payment to post to your credit card account and reflect in your available credit. That’s because payments made using a checking account and routing number are processed in batches overnight and not in real time.

How do I set up online bill pay?

How to set up bill pay

  • Gather your bills, including account numbers and the addresses to where you mail the payments.
  • Enter each biller’s information into your bank’s online bill pay platform.
  • Choose when to send the payment.
  • Select recurring or one-time payment.
  • Set reminders to track when each bill is due.

What is Bill pay and how does it work?

Automatic bill pay is when you set up recurring transfers or payments from your bank or credit card to pay your bills — phone, tuition, cable, utilities, mortgage or any other payments you owe on a regular basis — each month.