Online Bill PayNo one likes to pay bills. But Online Bill Pay###DISCLAIMER:2_0 Free Online SB 2### takes away some of the hassle of making payments. It's a virtual accounts payable clerk.
Compare the benefits of Online Bill Pay versus writing checks:
|Online Bill Pay||Writing Checks|
|Cost||No cost for Online Bill Pay.###DISCLAIMER:2_0 Free Online SB 2###||Checks, stamps, envelopes, trips to the post office, time reconciling payments.|
|Speed of Payments||Most online bill payments are sent electronically and arrive in just 1 - 2 business days.###DISCLAIMER:2_0 Online Payments###||Mail can take up to 5 business days.|
|Record Keeping||View of in-process and pending payments.||Manual entry of payments on check registers.|
|Payment Status||Payment history provides detailed record of processed payment.||Requires a phone call or monthly statement to verify.|
|Check Writing||Automated Add Payee feature allows you to add payees fast and accurately. Pay as often as desired.||Write and track checks every time they are due.|
|Scheduling Payments||Schedule payments by selecting the date you wish the payee to receive the payment. Set up one-time and recurring payments.||Write each check individually and calculate when to mail it so it arrives on time.|
|Security||Password-protected sign-on with multiple layers of security.||Risk of checks getting stolen or lost in the mail.|
An invoice number can be printed on a Bill Pay check or draft by entering it in the memo line, just as it can be written on a paper check.
Online Bill Pay is easy to set up. Simply sign on to Online Banking for Small Business, then select Bill Pay to get started.