Transferring funds through Internet

• Most checking accounts today allow users to write checks and use cash cards at ATMs as they always have, as well as use the Internet to check their account balance and transfer funds. Usually a bank's web site will have a place for customers to log into an online interface where they can manage their account and set up bill payment. Through the bank's online system, users can direct the bank to make payments for their bills directly to the companies that they owe, without having to write out paper checks. If you are interested in using online bill paying, check your bank's web site for more information regarding their bill pay system.
  
  

Savings for banks

• Banks offer online billing because it streamlines the checking process and ultimately saves them money. Because online bill payment does not require paper checks to be written, the bank does not need as many workers to process and validate checks. Similarly, the online interface makes deposits and transfers easier, so account holders are less likely to have to go into the bank and get help from a live teller. As a result, banks usually offer their online services and billing free of charge, and most users expect that a bank will have online billing.
  
  

User benefits of online billing

• Account holders benefit from online billing in several ways. Perhaps most importantly, online bill payment and transfers are convenient, because they do not require paper checks or trips to the bank and the account can be accessed from any computer with an Internet connection. Another advantage is that online bill pay can be set up to make automatic payments for recurring bills. It's often easy to lose track of all the bills that come in the mail each month, but by setting up automatic online payments, users do not need to worry as much about forgetting about payments. Because online billing is usually free, users save money by not having to purchase paper checks.