Banking On Online Banking

If you are one of the holdouts who prefers to send your bill payments by mail rather than doing it through online banking, then this article is for you. It's time to take advantage of yesterday's opportunities.

The ability to handle all of your personal financial needs online at your bank began back in the 1990's. It hardly seems like it's been that long ago. Technology is handling effortlessly, or nearly effortlessly, the mundane tasks that used to tie you up and prevent you from really being productive.

You can benefit from the advantages of automating your finances right away. After creating an account through your bank or credit union, you are able to generate one-time or recurring debits from your checking or savings account to handle the nuisance stuff that bogs you down during the week.

For example, you can put your mortgage payment, car payment, student loan payment, utilities, cell phone, life, health, and auto insurance on "set it and forget it" mode. You'll need to specify a frequency that you would like the debits to be made. Voila! You are done. No muss, no fuss. It's all taken care of.

Here's another good thing too... You will never have to worry about being hit with a late payment fee either. Your financial institution will begin the payment process early enough to make sure that your funds are sent where they are supposed to go in plenty of time.

Okay, so your creditor doesn't accept online transfers? No problem. Your bank will create a check and send it to them the old fashioned way - through the mail. This is what you would have done. Why stress over who puts the check in the envelope as long as it's done?

Costs for the service are nominal and often free from one institution to another. You need to do this online banking thing. You will thank yourself when you start realizing that you now have some free time that you did not before because you were writing checks, buying and licking stamps, and going to the post office at 5:30 am on your way to work.

Besides, in your kids' eyes, you'll look like a rocket scientist for organizing your finances this way. Who are you to tell them any different?

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