One of my favorite online banking features is the option to pay bills online. This has been the ultimate time saver for me. I coordinate my bill paying with my paychecks. I know in advance which bills will paid from each check. After I get paid, I go online and schedule all my bills for payment, inputting the dates that my bank should pay them. My bills are never late. I never have to buy stamps. I do this twice per month. I save time and have peace of mind that my financial obligations are taken care of.

Traveling? I have been very fortunate to be able to travel to Europe several times during that past few years. Each time I am gone from two to three weeks. Prior to my trips, I schedule all my bills that will come due while I am gone and I enjoy a worry free trip! This works great with my direct deposit. (This is another bank service that everyone should take advantage of.) 

At most banks, there are fees associated with online bill payment. However, check to see if your bank offers free bill payment with a qualified account. (Such as keeping a minimum balance) The average cost of online bill payment is $6.20 per month. Your bank may also offer a free trial period so you can take a test drive at no cost or obligation to you. When you consider the cost you save on stamps (just 10 stamps per month is now $3.90!) plus the valuable time you save, in my opinion is well worth the fee for this service.

Visit your bank today, or check it out online. On most occasions, you can even sign up for online banking and bill payment directly from their website.