About your bank's online bill payment
service
Many banks
provide an online bill payment service that you can use in Money.
Go to your bank's Web site to find out if it provides this
service.
You must first sign up for online bill payment with your bank
before you can pay bills online in Money. If you set up an online
account in Money by using the sign-in information from your bank,
all the services associated with the account are automatically set
up, including online bill payment.
With online bill payment, you can do the following:
- Make online payments to anyone that you'd normally pay by
check.
- Keep 60 days of payment history in one place.
- Schedule your bills to be paid on the date they're due.
- Set up automatic payments
(Apays) (Automatic payment. A type of electronic payment for
which you set up the payment amount and payment frequency only
once, and the payment is sent as scheduled until you cancel it.
Monthly mortgage or rent payments are good candidates for Apay
because they are generally the same amount every month.) for
bills with fixed due dates and amounts.
- Store information about all of your payees online.
- Transfer funds between any of your online accounts.
Note
Online bill payment features vary, depending on your bank. Some
banks don't support online bill payment in Money, but they may
allow you to pay bills from your bank's Web site instead.