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The
Basics
Why Money Tyme bill payment is booming
It’s getting
simpler, faster and cheaper all the time. Here’s all you need to know to swear
off stamps forever.
.
If you
haven’t started using a service to pay your bills, now is the time to start. The
technology makes it simple to pay any bill to anyone from anywhere. It saves
time, money -- and it's
safe. Best of all, it’s a lot easier to get started than you might think.
That’s the main reason bill payment services like Money Tyme are
starting to take off. About 6.8 million households will not be writing checks to
pay their bills this year -- growing to 40 million American households by 2005,
estimates Jupiter Communications, the Internet research company.
Aren’t you
tired of writing your checks, then rewriting the information in your check
register, stuffing envelopes and finding stamps -- only to realize you put the
stuff in the envelope backward so the address doesn’t show through the little
window? You’re wasting as much as four hours a month on this task alone,
according to some estimates.
Offers more than just check writing
.
At its most
basic, having your bills paid is simply a matter of switching from pen and paper
checks to issuing payment instructions to the Company or to Your Representative.
This method is far less of a chore and all but eliminates errors.
If you’re reluctant to part with your paper checks entirely,
not to worry. Paying bills through Money Tyme doesn’t mean you have to give up
writing checks. There’s still a huge paper trail. Some companies, such as
utilities, banks or the local department store, will get your payments as
computerized funds transfers. However, the greatest majority of payees will get
a paper check -- like your brother-in-law waiting to collect on a football bet.
If your bank returns checks with your monthly statements, you can turn over the
check that was sent to your brother-in-law and see the endorsement.
Moving your
bill payment to Money Tyme offers more than a regular look at your bank balance
to make sure you’re not overdrawn. And allows you to focus on Wealth
Management, rather than bill paying.
 | Get organized. Every
pay period, you can have it arranged so the amount of your bills, savings, and
investments, are automatically deposited into or withdrawn from your “Bill
Pay” account. This can be either your regular checking account, or a
designated account. |
| Save time. No Check
Register entries, No Envelopes, No Return Addresses, No Stamps, No Post
Office, No Agonizing, No Anxiety, No Frustration. Pay anyone, Anytime, from
Anywhere. |
| Manage your money better.
You can schedule payments so you don’t miss due dates. You can use the “Pay
Yourself First” method of accounting. Keep your budget on track. Check your
account balances. And Save Time when you work on your income taxes. |
| Save money. Most banks
and portals charge a modest fee to process transactions. If you send out
enough payments, the cost is less than the cost of stamps. No late charges, No
overdraft charges, No processing charges and No postal Charges. |
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