Online bill payment is a secure electronic service that allows customers to pay bills without having to write checks and mail them. Online bill payment usually is tied to a checking account from which funds are withdrawn electronically for payment of one-time or recurring bills. Online bill payment is offered by many banks and bill-pay services.
How online bill pay works is straightforward: Log in to your bank account, navigate to its online bill pay feature, then select the provider you would like to pay. If you haven’t paid the provider through online bill pay before, you’ll need to add it by plugging in the account number and billing address, then authorizing your bank to send payments for you.
The best bill payment apps are-
HomeBudget with Sync.
Bills Monitor Pro.
We’ve come up with a list of tips to help you stop paying your bills late. Let’s take a look.
Sign Up for Auto Pay- Most of your regularly recurring bills—utilities, mortgage, car loan, etc.—provide you with the option of having the amount you owe automatically deducted from a designated bank account. Make it easy by making it automatic.
Use Financial Software With Automatic Bill-Paying Reminders-Both Microsoft Money and Quicken have features that can prompt you days or weeks in advance of your bill due dates.
Consolidate Bills-Say you get your internet access, phone service, and cable TV from the same provider. Instead of paying three separate monthly bills, why not see if you can consolidate your billing to pay for all of the services you receive in one monthly statement? You’ll be less likely to miss a due date that way.
Schedule Bill-Paying Time- Carve out time on your calendar to pay bills on a regular basis in the same way that you schedule a time for the gym or work meetings. By setting aside a regular time to pay your bills, you’ll create a habit that will make you much less likely to miss a due date.
Create a Bill-Paying Location- Stuffing a bill into your purse or briefcase or throwing it on the kitchen counter when you come in from work are good ways to forget—and miss—the payment due date. Find a convenient place where you can keep and pay your bills.
Organize Paper Bills-Your bills should be arranged according to the due date. Create a habit of noting the due date for a bill as soon as you open it (circling or highlighting it) and then put the date on your calendar. You may want a desk filing system where you can store bills according to due dates, so you have an immediate visual reminder of which bills need to be paid next.
Learn Your Billing Cycle- Review several months’ worth of paid bill statements and list bills in the order that they are typically due. Most likely you’ll notice that your due dates are in one of two groups—ones due earlier in the month (e.g., the 5th) and those due later in the month (e.g., the 20th).
Sign Up to Receive Bills or Bill Reminders Via Email- Use email to your advantage. Check to see if your creditors provide online bill payment reminder features, or go paperless and have your bills sent to you electronically via email.
Use Your Phone to Pay- Many creditors allow account holders to pay their bills by phone, for free or a small fee. If you regularly pay bills late, consider paying by phone instead. It’s more than likely that the fee charged for phone payment service will be less than the late fee.
Here are the best ways to pay your bills-
Direct Debit- Paying by Direct Debit means your bills are paid on time, so you’ll avoid late-payment charges.Some companies offer discounts for customers who pay by Direct Debit. However, it can mean you lose control of the date the money leaves your account.
Pay online or phone banking- If you bank online or by phone, you can pay your bills directly. It’s quick and easy and you’re in control of exactly what you pay and when, but you have to remember to pay your bills in time.
Prepayment meter- Gas and electricity can be prepaid by topping up a key or a card, which goes into your gas or electricity meter. This is one of the most expensive ways to pay for energy and when you run out of credit, you’re out of energy.
Payment Plans- Payment plans like Neon help you pay your bills on time and in various installments.
Neon-for-life (or Neon) is built to provide a stress-free experience and is much more than just a buy now pay later product. Built for the modern consumer, Neon offers virtual cards to users that allow them to get started in minutes. Users' bills are paid on time, and they can pay Neon back evenly in four equal installments.
Neon-for-life (or Neon) offers a plethora of services like Interested free Credit line and pay in 4, all your bills in one place, automatic payments to providers, personalized analytics, smart saving, savings tracker and data security.