Paying your bills with electronic bill pay is incredibly convenient and can make paying bills a lot easier. However, it can also be kind of intimidating, especially if you don’t have much experience with online banking.
The good news is that you don’t have to be a technological genius in order to set up electronic bill pay. In fact, once you know the basics you can even take steps to ensure you never make a late payment again.
Step 1: Log Into Online Banking
Most financial institutions offer an electronic bill pay service you can access through your online banking platform or mobile banking app. For instance, when you login to your First Alliance Credit Union account, you can get to electronic bill pay by clicking on the “Pay Bills” tab at the top of the screen.
Step 2: Add Companies to Your Electronic Bill Pay Account
Once you’re in your financial institution’s electronic bill pay webpage, you can add companies to your electronic bill pay account. Many electronic bill pay services let you search for companies by name, but if you can’t find them you can still enter your creditor’s name manually.
You’ll also need to provide your account number for each bill so your creditors know who’s sending them money. You can find this, along with any other information you might need, on your most recent billing statement. If you've logged into our electronic bill pay service through the First Alliance Credit Union mobile app, you can even add a new creditor by taking a photo of your bill with your smartphone.
Once you have all your creditors added, you’re ready to go. All you have to do is type in how much you want to pay each creditor, then schedule the date you’d like the payment to occur.
Step 3: Schedule Automatic Payments
Once you know how to add companies to your electronic bill pay tool, you’re ready to take the next step of automating your payments.
Of course, you probably won’t want to automate all your payments. Your best bet is to only automate the payments that are the same each month, like rent, loans, subscription services and utilities like Internet and cable.
When setting up automatic payments, you’ll want to make sure to schedule them when you know you have money in your account, such as the day after you get your paycheck.
Get Started Using Electronic Bill Pay With First Alliance Credit Union
Setting up an electronic bill pay service isn’t hard, and once you know how to do it you can take advantage of all the benefits the service has to offer.
You can start discovering the advantages of electronic bill pay when you become a member of First Alliance Credit Union and log into our robust online banking platform or mobile app. In addition to using our electronic bill pay service, you can also send money to personal contacts using Zelle, make payments on loans with the handy one-click payment buttons on each loan and even monitor your credit score.