Barbara Shaw: Hi! I am Barbara with Wells Fargo and Company. Today we're discussing how online bill pay can conveniently provide you with more control of your finances and save you both time and money.
When paying your bills, you decide who, when and how much to pay and it's all done from one secure site, which you control. You can schedule one time or recurring payments and schedule your payment days, weeks or months in advance.
There is no need to visit multiple biller websites or write checks. Many banks also offer the capability to receive bills electronically, which allows you to have even more control over your bills.
You can receive electronic versions of your bills online from a growing list of companies, such as your phone or utility company, insurance company, mortgage and credit card companies. And with e-bills you can set up automatic payments even if the amount varies each month.
Bill Pay gives you the power to pay virtually anyone, anytime, anywhere you have Internet access, from your credit card company to your mortgage lender or even your family and friends.
Online banking is now so reliable that many banks guarantee your payments will be paid on time every time as scheduled, provided you have sufficient funds in your account. This means, no more worrying about late fees.