How to avoid nightmares online Bill Pay

By: Caroline Roberts

When you start online banking, you can offer free online bill pay. Paying bills online is a huge discovery that saves time and simplifies your financial plan, but only if used the right way. These tips can help you stay away from the expense and delay overdraft fees amazing

Set reminders. Some banks allow you to send reminders if you do not pay their bills automatically. Each month you will receive a reminder to check your last bill and pay online. Although this option is not automatic, you can check your balance to make sure you can cover the payment, and it takes less time than writing a check. They come in very useful reminders of bills changing values ​​such as utility bills, and you can also use callbacks to notify you when the money in your checking account falls below a certain level.

Make sure you know when a payment posts. Just because you need to make the network pay for a given day does not mean that the company or person to pay to receive a daily basis. If you make a payment just before the deadline, but the stakes of payment after the event, you missed the deadline and may be charged. However, many online banks let you know when the payment arrives, and you can schedule the date of delivery. Treat yourself to a little 'time between the time the payment plan, and when the payment is, and take into account weekends.

Find out if the money has been withdrawn. When you write paper checks, you may fall in the habit of balancing your checkbook. But you must make sure the transaction is not checked, then you know how much you actually have. Some online services bill payment have features that you can balance your checkbook, but you can use good old paper and pen to track what you paid.

Learn about safety practices at the bank. While online banking is safe, even more than the bank on paper, you still need to read about the security of your bank before registering. Many sites offer information about their safety. If your bank has a brick and mortar branch near you, you can make an appointment with a banker. Many of them were informed about online safety and can tell exactly what the Bank to keep your information secure.

Keeping up with the money. While paying the bill online, it is your responsibility to keep its accounts in balance and to find out if you have enough money to pay the bills, because otherwise you can not stop the offers with the late payment.