The Better Way to Pay Electronically
Paying bills electronically can save you time and money, so it’s no wonder that many Americans have made the switch. U.S. households paid an average of 4.4 monthly bills online last year, according to a MasterCard study, which makes 2005 the first year in which more Americans used automatic payments than checks to pay recurring bills.
But many consumers have discovered that automated payments set up through the merchant may cause more problems than they solve. Trouble canceling or altering recurring payments tops the list of consumer complaints. As a result, many experts advise using a financial institution’s online bill pay program instead. Our online billpayer offers the same convenience as automated payments, plus it is easy to set up and lets you adjust, delete and add payments whenever you like.
Additional benefits of online billpayer include:
Greater control. When you want to cancel or change a recurring payment made though The First’s online billpayer, just log on and enter your request. By contrast, with automated payments, the rules for canceling payments can be far more complicated, and may require you to contact both the merchant and the bank or credit card company, often in writing. What’s more, credit card companies cannot cancel recurring charges tied to a long-term agreement, such as a gym membership.
More security. Using our online billpayer means fewer companies have access to your bank account or credit card information.
Streamlined bill payment. There’s no need to jump from web site to web site to confirm existing payments or set up new ones. The First’s online billpayer lets you pay and track all of your monthly bills from one website, with one log-in and one password.
To learn more about FREE online billpayer from The First call 215.860.9100 or stop by your nearest branch.To try a demo of the billpay system, click here
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