How automatic bill pay saves time and money

February 18, 2021

Setting up automatic payments for your monthly bills can benefit you in unexpected ways.

Online banking is a popular and secure way to review your accounts, track spending and stick to a budget. Your bank’s online resources may be able to provide you with an array of personal financial management tools. Even more, if you take the extra step to connect your accounts to pay your bills automatically on predetermined dates, you can save time and money and enjoy other conveniences.

Here are several reasons why automatic bill payments may be right for you.

What is automatic bill pay?

Automatic bill pay can pay all of your monthly recurring expenses electronically directly through your bank account. When you log into your bank account online, simply opt into your bank’s bill pay program and input information about each biller, such as the company name, mailing address and phone number.

You can choose which bills to pay automatically, and you can pick the same date each month for the transactions to be completed. You may even have the option to receive an email or text alert before a payment is due or after the transaction has been completed.

How can automatic bill pay help you with saving money?

Making payments online through automatic bill pay can save you more than just time. Online payments are often incentivized — some companies may offer a discount or reduced fee if you opt for online bill pay. You can also save money by not having to purchase as many checks, stamps and envelopes. Plus, when your bills are paid automatically, you never have to worry about incurring late fees if you forget.

What are other benefits of online bill pay?

Some primary reasons to consider automatic bill pay include security and reduced costs. However, there are additional perks as well. Online bill pay:

Might give you peace of mind since you know exactly when upcoming withdrawals will be made from your account.
Can help to reduce stress when you’re traveling and need bills to be taken care of in your absence.
Results in fewer checks, envelopes and paperwork, which may mean a neater and less cluttered home office.
Could help protect you by reducing the number of checks written, websites logged onto and missed paper statements in the mail, which may reduce your risk of identity theft.
Can be edited, allowing you to confirm amounts due or make adjustments as necessary.
May include better encryption than vendor online payment websites.

Continue reading to learn more about the benefits and convenience of online bill pay.

Learn about our Mobile and Online Banking options with Digital Explorer, a quick and easy way to help you understand all you can do digitally at U.S. Bank.

Learn about U.S. Bank

Visit the U.S. Bank Digital Explorer

800-872-2657

5 tips for creating (and sticking to) a holiday budget

Military homeownership: Your guide to resources, financing and more

For today's homebuyers, time and money are everything

How I did it: Bought a home without a 20 percent down payment

How I did it: Built living spaces to support my family

Money Moments: Tips for selling your home

Overcoming high interest rates: Getting your homeownership goals back on track

Should you buy a house that’s still under construction?

3 ways to keep costs down at the grocery store (and make meal planning fun)

5 things to consider when deciding to take an unplanned trip

Certificates of deposit: How they work to grow your money

What financial advice would you give your younger self?

10 ways to increase your home’s curb appeal

Is it the right time to refinance your mortgage?

6 questions to ask before buying a new home

5 things to avoid that can devalue your home

What is a home equity line of credit (HELOC) and what can it be used for?

9 simple ways to save

3 awkward situations Zelle can help avoid

Is raising backyard chickens a good idea financially?

Here’s how to create a budget for yourself

Helpful tips for safe and smart charitable giving

Tips to raise financially healthy kids at every age

Should you buy now, pay later?

What’s in your emergency fund?

What you need to know about renting

Your 5-step guide to financial planning

8 steps to take before you buy a home

Are professional movers worth the cost?

What to know when buying a home with your significant other

Mortgage basics: How much house can you afford?

Mortgage basics: Finding the right home loan for you

Allowance basics for parents and kids

Loud budgeting explained: Amplify your money talk

How I did it: Turned my side hustle into a full-time job

It's possible: 7 tips for breaking the spending cycle

Closing on a house checklist for buyers

Multiple accounts can make it easier to follow a monthly budget

Is it time to get a shared bank account with your partner?

Don’t underestimate the importance of balancing your checking account

How to Adult: 5 ways to track your spending

Which is better: Combining bank accounts before marriage — or after?

30-day adulting challenge: Financial wellness tasks to complete in a month

How to build a financial plan that covers your savings and expenses

5 ways to maximize your garage sale profits 

Pet ownership costs: planning for the unexpected

Housing market trends and relocation impact

Changes in credit reporting and what it means for homebuyers

High-cost housing and down payment options in relocation

Crypto + Relo: Mobility industry impacts

For today's relocating home buyers, time and money are everything

Costs to consider when starting a business

How to choose the right business checking account

How to track expenses

How to manage your finances when you're self-employed

Good money habits: 6 common money mistakes to avoid

Transitioning from the military to the civilian workforce

11 essential things to do before baby comes

Webinar: Uncover the cost: Starting a family

Preparing for adoption and IVF

Checklist: 10 questions to ask your home inspector

Checklist: financial recovery after a natural disaster

How does money influence your planning?

College budgeting: When to save and splurge

How to save money in college: easy ways to spend less

How to gain financial independence from your parents

Practical money skills and financial tips for college students

Tips to earn that A+ in back-to-school savings

Webinar: U.S. Bank asks: Are you safe from fraud?

Is online banking safe?

8 tips and tricks for creating and remembering your PIN

Pros and cons of a personal line credit

3 tips for saving money when moving to a new home

3 financial tools to help automate your finances

Financial checklist: Preparing for military deployment

Growing your savings by going on a ‘money hunt’

Working with an accountability partner can help you reach your goals

Why a mobile banking app is a ‘must have’ for your next vacation

How to decide when to shop local and when to shop online

Mobile banking tips for smarter and safer online banking

Uncover the cost: Wedding

Adulting 101: How to make a budget plan

Mindset Matters: How to practice mindful spending

How can I help my student manage money?

How to manage money in the military: A veteran weighs in

You can take these 18 budgeting tips straight to the bank

Save time and money with automatic bill pay

How to best handle unexpected expenses

Stay on budget — and on the go — with a mobile banking app

Do you and your fiancé have compatible financial goals?

U.S. Bank asks: Transitioning out of college life? What’s next?

U.S. Bank asks: Do you know your finances?

U.S. Bank asks: Do you know what an overdraft is?

Personal finance for teens can empower your child

How to save for a wedding

Dear Money Mentor: How do I set and track financial goals?

Lost job finance tips: What to do when you lose your job

Money management guide to financial independence

7 financial questions to consider when changing jobs

Overdrafts happen: Steps to get you back on track

P2P payments make it easier to split the tab

Practical money tips we've learned from our dads

Consolidating debts: Pros and cons to keep in mind

Know your debt-to-income ratio

Crypto + Homebuying: Impacts on the real estate market

How I did it: Bought my dream home using equity

House Hacks: How buying an investment property worked as my first home

Managing the impacts of appraisal gaps in a hot housing market

Spring cleaning checklist for your home: 5 budget-boosting tasks

Saving for a down payment: Where should I keep my money?

Your guide to breaking the rental cycle

Checklist: 6 to-dos for after a move

What are conforming loan limits and why are they increasing

Uncover the cost: Building a home

The lowdown on 6 myths about buying a home

4 ways to free up your budget (and your life) with a smaller home

Get more home for your money with these tips

Money Moments: How to finance a home addition

Dear Money Mentor: When should I refinance a mortgage?

Beyond the mortgage: Other costs for homeowners

10 questions to ask when hiring a contractor

What is an escrow account? Do I have one?

These small home improvement projects offer big returns on investment

Should you get a home equity loan or a home equity line of credit?

Is a home equity line of credit (HELOC) right for you?

How to use your home equity to finance home improvements

How do I prequalify for a mortgage?

Home equity: Small ways to improve the value of your home

Can you take advantage of the dead equity in your home?

10 uses for a home equity loan

Improving your credit score: Truth and myths revealed

U.S. Bank asks: What do you know about credit?

Disclosures

Equal Housing Lender

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.