Online
Bill-Pay, An Alternative for the Investor
Saving you valuable time spent from what some take as menial record-keeping
-- there is the alternative of online bill payment.
Generally with
online bill payers your bills are set up to bypass your present address
and are paid on a monthly or on a one-time basis. While this is still
accomplished through your checking funds, in order to issue payments
from your account, the service you choose will need authorization.
You are informed of an arriving bill by email, and most services
are insured to back unauthorized transactions amounting to over $100,000.
Select services do assist the client in making the electronic transfer. This
includes notifying your billers of the changes of address and keeping track of
your bills that have not as of yet completed the process of crossing over to
electronic.
Also available
are OBP's that promise not to sell information on your buying
history to those parties so eager to exploit.
Usually purchasing
statements on your history are available to you as an alternative.
An issue on the
agenda, however, is if the potential benefit may be worthy - assuming
the bill payer reverts his or her decision and has to go back to
routing all billed mail to a prior address.
Basic fees for online bill payment services start at around $9 per month with
a per-transaction cost beyond the stated baseline.
Download
is usually with Excel or Quicken for your transactions. Interface
with online banking forms being with participating internet
bankers. |
|
Ourinvestor resource has organizations,
directories, research firms, trading exchange links and
more.
|
