What is the Best Bank for Online Bill Pay? The Easiest Way to Pay Bills Online? Every month, paying bills is a chore that needs to be done. No longer do people sit at their desks with a stack of paper bills, a checkbook, envelopes, and stamps. Instead, most people prefer to pay their bills online through their bank’s website or mobile app. It’s quick, safe, and can save you money on late fees and stamps.
But not all bank bill pay services are created equal. The best online bill pay services make it easy to keep up with payments and offer automation and tools to make the process smooth. How can you tell which bank has the best online bill pay service for your needs when there are so many to pick from?
In this article, we’ll cover the key factors that make a bank’s online bill pay stand out. We’ll also profile some of the top banks known for their bill pay services and highlight the pros and cons of each. Read on to learn which bank you should choose for easy and efficient online bill payment.
What to Look for in the Best Online Bill Pay Services
When looking for the best bank for online bill pay, these are some of the most important things to think about:
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Wide network of billers – The more companies and service providers you can pay through the bank’s bill pay platform, the better. Look for a large network that includes all your regular billers.
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Bill scheduling and automation: It’s very helpful to be able to set up automatic payments for bills that are due at regular times each month or year. Automated payments help avoid late fees.
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Mobile app – Being able to pay bills via iPhone or Android apps provides flexibility to pay on the go. The best mobile bill pay apps are intuitive and easy to use.
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Bill reminders – Get notified when a bill is coming due or receive reminders if a scheduled payment is not processed to avoid late fees.
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Payment tracking – See all your pending and processed bill payments in one place and get status alerts if a payment fails.
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eBills – Many billers let you receive bills electronically through your bank which saves paper and ensures on-time delivery of your bill each month.
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Budgeting tools – Some banks provide bill calendar views and spending trackers to help you monitor cash flow and meet payment deadlines.
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No fees – The best online bill payment should be free as a standard account feature. Some banks charge a monthly service fee for bill pay.
Top Banks for Online Bill Payment Services
Now that we’ve covered the key features that provide a great bill pay experience, let’s look at some of the top national and regional banks lauded for their online bill pay services:
Bank of America
With over 66 million customers, Bank of America is one of the largest banks in the U.S. Their online and mobile bill pay platform checks all the boxes for convenience and ease of use. Payments can be set up for over 1000 billers and scheduled up to a year in advance. The Bill Pay Calendar provides a snapshot of upcoming bills. You can receive eBills from many providers and set up custom alerts for payment notifications. Online bill pay is free with all Bank of America checking and savings accounts.
Capital One
Capital One offers online bill pay to all checking and savings account holders for no monthly fee. You can pay any company or personal contact. Set up automatic recurring payments or make one-time payments from your computer, phone or tablet. Their adaptive learning technology tracks your bill pay habits and will alert you in case you forget any regular payments. Payments can be easily tracked and eBills integrated for convenience.
Chase
JPMorgan Chase Bank allows customers to pay bills online and via mobile app. The platform supports over 14,000 billers. You can set automatic recurring payments or pay individual bills as needed. Chase will send you payment confirmation emails after each bill is processed. You can cancel or edit pending payments anytime before the send date. Bill pay is free for all checking account holders, or $4.95 per month for savings accounts and prepaid cards.
Wells Fargo
With Wells Fargo online bill pay you can schedule one-time or automatic payments to thousands of billers. Receive email notifications when bills are due and confirmations when paid. Wells Fargo accounts for bill pay frequency and amount to ensure sufficient funds when automatic payments are processed. Tracking features let you view pending and posted transactions. Bill pay is free with Wells Fargo checking accounts or can be added to savings accounts for a $5 monthly fee.
Citibank
Citibank customers can pay bills online, on their smartphone, through Citi Mobile, or using CitiPhone Banking. Automatic recurring payments can be scheduled for convenience. Email notifications provide bill reminders and confirm when payments are processed. There are no fees for bill pay with eligible Citibank checking and money market accounts.
U.S. Bank
U.S. Bank offers free online bill pay services with all checking and savings accounts. The online bill pay platform can pay any company or personal contact. Schedule automatic payments or pay individual bills on your timeline. Bill pay history and pending transactions are easy to track. Custom email alerts provide payment notifications.
PNC
PNC Bank provides online bill pay through their Virtual Wallet online banking platform. There is no charge for bill pay with qualifying checking accounts. Payments can be made to a large network of companies and merchants. PNC will send email reminders when bills are due to avoid late fees. Customers also have free access to PNC’s budgeting and forecasting tools.
TD Bank
TD Bank offers online bill pay called EasyPay to all checking and savings account customers for free. This includes the ability to receive eBills from participating providers. Make one-time or recurring automatic payments to thousands of merchants. TD Bank accounts can be easily linked to pay utility bills, car loans, and more.
Navy Federal Credit Union
Navy Federal is a credit union that provides online bill pay services called Bill Pay Plus for free. Members can pay any company or individual. Automated bill payments can be easily set up. You can see pending and posted bill payment activity. Payments can be made online or via Navy Federal’s mobile banking app.
Key Takeaways on Choosing the Best Online Bill Pay Service
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Look for a large biller network, convenient mobile apps, payment automation and tracking, budgeting tools, and minimal fees.
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Top national banks like Bank of America, Capital One, Chase, Citi, Wells Fargo, and US Bank offer robust online bill pay platforms.
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Local banks and credit unions also provide online bill pay services worth considering.
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Paying bills online saves time and money compared to paper bills and stamps.
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Online bill pay helps avoid late fees through payment reminders and automation.
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Make sure to choose a bank that provides online bill pay features that best fit your lifestyle.
The ability to pay all your bills securely online through your bank with just a few clicks provides convenience and simplicity when it comes to managing your finances. Do your research to find the right bill payment platform that meets your specific needs and preferences. Look for features like automatic scheduling of recurring payments, bill reminders, plentiful biller options, tracking tools, and mobile optimization. With the right online bill pay service, you can complete this tedious task quickly and efficiently each month.
Best for user experience
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Monthly maintenance fee
$10, with options to waive
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Minimum deposit to open
$25
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Minimum balance
$500 daily deposit balance to avoid monthly maintenance fee
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Annual Percentage Yield (APY)
N/A
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Free ATM network
13,000 Wells Fargo ATMs
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ATM fee reimbursement
None
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Overdraft fee
$35 (max of 3 overdraft fees per day)
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Mobile check deposit
Yes
- Four ways to waive the monthly maintenance fee
- Send and receive money with Zelle
- Easy-to-use mobile app
- $25 minimum deposit to open an account
- $35 overdraft fee
- No APY
- No reimbursement for out-of-network ATM fees
How to avoid the monthly fee:
- Maintain $500 in combined minimum deposit balances,
- or make qualifying direct deposits totaling $500 or more,
- or be between 17 – 24 years old
- or have a Wells Fargo Campus ATM Card or Campus Debit Card that is linked to your account
Whos this for? The Wells Fargo app is ideal for those seeking a clean, user-friendly interface with intuitive features.
Standout benefits: The app allows customers to easily check their balances, track account activity, deposit checks, send and receive money using Zelle and pay bills. Wells Fargo also offers an AI-powered virtual assistant, Fargo™, which can answer account questions in English or Spanish.
Best for credit monitoring
Whos this for? With the Chase Total Checking® app, users can monitor their credit score with Chase Credit Journey® and get free credit monitoring.
The app’s best features are that it lets users get daily spending summaries to help them make better budgets, lock and unlock accounts if they lose their cards, schedule meetings with a banker, and send and receive money with Zelle.
#1 BEST Bank Accounts 2024 (High Yield Savings and Checking)
FAQ
Which bank is best for bill pay?
Discover® Checking Account With the overdraft protection service and zero banking fees, Discover® Bank, Member FDIC, is at the top of the list of the best bank accounts for autopay. Here are some of the additional perks of using a Discover checking account: You don’t have to pay any fees for your checking account.
Which bank account is best for online payment?
Best Online Savings Account 2024Best Online Savings Bank Account 2024Account NameInterest Rate (up to Rs. 1 lakh) % p. a. Kotak 811 Savings Account by Kotak Mahindra Bank3. 50%DigiBank by DBS3. 25%Regular Savings Account by HDFC Bank3. 00%.
Do most banks offer online bill pay?
What is the best way to pay bills online?
Gather your bills, including account numbers and the addresses to where you mail the payments. Enter each biller’s information into your bank’s online bill pay platform, or choose them from a list provided by your bank. Choose when to send the payment. Select a recurring or one-time payment.
Where can I pay my bills online for free?
These days, most banks and credit unions let you pay your bills online for free or as part of the monthly fee for your account. Bank of America and Wells Fargo, for example, both have great online bill payment services that let you set up automatic payments or schedule payments. You can access these services online or through the mobile app.
Which online bank has the best bill payment system?
Ally Bank Ally Bank is one of the more well-known online banks on our list. It has a very user-friendly and simple online bill payment system. You can pay your bills manually every month or set up a direct debit system.
Do banks offer online bill pay?
Customers of most banks and credit unions can pay their bills online. You can also use a third-party bill payment service to keep track of your money. These services are convenient and easy to use and typically come with additional services like due date reminders, account alerts and payment tracking.
What is online bill pay?
Online bill pay lets you make individual or recurring electronic payments from your bank or credit union. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations.
How do I set up bill pay?
Each bank or credit union will have its own rules and steps, but generally here’s what you need to do to set up bill pay: Gather your bills, including account numbers and the addresses to where you mail the payments. Enter each biller’s information into your bank’s online bill pay platform, or choose them from a list provided by your bank.
Should you pay your bills online?
Once upon a time you had to mail bill payments to your utilities, mortgage and credit card companies, vulnerable to the whims of the Postal Service. But these days consumers have plenty of options, including scheduling or paying bills online or employing apps and software to streamline the process.
