6 Benefits of Using Online Bill Pay

There are many benefits to using electronic bill pay service, which is free at M C Bank and available through Online Banking and Mobile Banking. Online Bill Pay saves you time, is convenient and easy to manage by allowing all of your bills to appear in one place. Here are six benefits to using electronic bill pay through M C Bank.

Convenience. You can log in to your bill pay account any time day or night and set up bill payments. Accessing your bill pay is possible wherever internet access is available, so if you are on a business trip or on vacation you can log on and make sure your bills are set to go out. Save Time. Free up your time by using online bill pay. You won’t have to drive to the post office for bill drop off or to pick up postage. Scheduling bills through bill pay and using the reoccurring payments feature will also cut down on the amount of time you spend paying bills too.

Simplified Taxes.  Another reason to open a business checking account is that it creates a distinction between your personal and business spending, which may make tax prep easier. Preparing for business taxes calls for accuracy in knowing the amount of money you are making, how you are spending your profits and how much it takes to run the business. This helps you determine and report how much of your spending can be deducted as a business expense. When finances are jumbled between personal and business spending, this accounting can be tedious and time consuming. But keeping separate records can help you stay organized and help save you money in the long run.

Save Money.  Saving money is always a bonus! M C Bank offers Online Bill Pay for free to all M C Bank Customers. Bill Pay will eliminate the need for postage and checks as well. Not to mention the amount of time you will save and we all know that time is money.

Reoccurring Payments.  There are many bills that are the same each month and by setting up recurring payments, you can set a day each month for the payment to be sent from your account. Imagine not worrying about your mortgage arriving on time because the payment is set up on the same day each month and automatically drafted from your account.

Security.  There are many layers of security involved with using Online Bill Pay to keep your information safe. These include usernames and passwords, data encryption, automatic sign off after the session has been idle or inactive for too long. Security at M C Bank is being updated constantly to ensure the safety of your data.

Keeps You Organized. Imagine all of your bills and payments being housed in one location. Online Bill Pay does this and by having everything in one place, you can easily see incorrect or missed payments.

Using Bill Pay is a great way to set yourself up for financial success. The benefits of Bill Pay are great and make managing your finances simpler. Contact M C Bank today to get started.