Online Bill PayNo one likes to pay bills. But free 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||More than 75% of all online payments are sent electronically and arrive in 2 business days.###DISCLAIMER:2_0 Online Payments###||Mail can take up to 5 business days.|
|Record Keeping||Payments logged automatically to view online anytime.||Manual entry of payments on check registers.|
|Payment Status||View status of payments online. Quickly verify when your payment is paid.||Requires a phone call or monthly statement to verify.|
|Check Writing||Set up payees once. Pay as often as needed.||Write and track checks every time they are due.|
|Scheduling Payments||Schedule payments in advance to arrive on time. Set up recurring payments.||Write each check individually and calculate when to mail it so it arrives on time.|
|Payment Deadline||11:45 p.m. (Pacific Time) each business day.||Last mail pickup by the U.S. Post Office or overnight delivery service.|
|Security||Password-protected sign-on with multiple layers of security.||Risk of checks getting stolen or lost in the mail.|
Keep in mind that with Online Bill Pay, an invoice number can be printed on a mailed check, just as it can be written on a paper check.
Online Bill Pay is easy to set up. Simply sign on to Internet Business Banking, then select Schedule Payments to get started.