America's #1 Online Cigar Auction
first, best, biggest!

My experience has been excellent. My first choice is always to pay bills on-line and to bank on-line. It has reduced my late-fees.

We've been doing it online banking and bill pay for over 5 years now with no problems. We've always used Wells Fargo if that makes any difference.

Steve, is this something you're contemplating? If so, email me and Carol can give you the full scoop. It's the one computer function that she does way better than me. We use BofA and prior to Internet banking they had a direct dial up program that we used for a few years. She can pay the bills faster than you can brew a pot of coffee.

I give it a BIG thumbs up...I have been doing it for a few years..
Rob

Highly recommended. Washington Mutual makes it easy. I have never missed or lost a payment. none ever misdirected. All have gotten to their destination. My wife turned over the bills to me when I retired from the Navy and she laughed at me. She said "Have fun."

No problem. The bill comes, I go to the computer, punch it up, click pay, and have another beer.

We have been using online/dialup banking for about 14 years. We have had good luck with it. I especially like the ability to pay bills on line.

My wife started using OLB during her 27-year stint as the family bookkeeper. She did a excellent job until some dumba** kept bugging here about cash flow and she quit. Now that I am the family bookkeeper there is one important advantage; it allowed me to fund a nice cigar collection.

Rick’s is right about check copies. Our local bank sends scanned copies of the checks and deposit slips and that is ok. As I understand this law change, a merchant can scan your check at the register and receive your funds immediately. It will work like a bank checking card. The merchant will pay a fee to the bank/clearinghouse but eliminate a fee to the credit card company. The float in the check writing system will be reduced or eliminated.

If you are considering OLB:

Ask the bank if you can download an entire years worth of records, some only make the last quarter available. This can be a shock at income tax time.

Ask if they guarantee their specified date of payment. The service I use gives me two dates, the day the funds leave my account and the day they promise the payee will have the funds. As long as you specify a payment date before the payee’s due date, the bank will pay any late fees if the payment is late. However, I do not recommend cutting things too close.

Keep in mind your account will be charged and the payee may not have your payment for some period. If the payee does not accept electronic payments, the bill paying service prints and mails them a paper check subject to the mail handling time. One other point, even if they accept electronic payments, some companies may not ‘notice’ your payment.

We were very cautious and leery of doing this for years. However, we've eased into it and do probably 70% of these transactions on-line now. So far, so good.

online bill paying whenever possible - - quicker (when you accidentally forget and know that the mail cannot make that deadline date)and easier . . .never had a problem, whether it is "real bills" or "real bills that I make in a place like C-Bid" . .

I pay most of our bills online, makes it easier on me when Clive is on an underway, surge, deployment etc because I don't drive and I don't like imposing on other people to run me around to pay bills - there's only a couple that I can't pay online and 2 of them are close by and isn't much of an inconvenience - the other I hope to have paid off before Clive leaves for any substantial amount of time. In this household it just makes things a lot easier :-)