This blog is for informational purposes only and not an offer of any specific account or service. For current details on our checking accounts, including terms and fees, please visit midflorida.com or speak with a representative. Account features and conditions may change. Membership eligibility required.

Online banking—available for accounts offered by MIDFLORIDA Credit Union—comes with perks such as online bill pay for many accounts.¹

It’s hard to overstate how much of a game-changer online bill pay can be. It not only makes paying bills easier but also makes the process more organized and efficient.

Online bill pay can help you stay on track with your finances and pay your bills on time.

Start your application with MIDFLORIDA.

What is online bill pay?

Online bill pay is a digital service offered by many banks and credit unions that allows you to securely pay your bills directly from your online bank account instead of visiting each of your payees' websites or, worse, old-fashioned checks and envelopes.

How to set up online bill pay

Setting up online bill pay usually isn’t difficult.

Many banks and credit unions provide a link on their website once you log into your account for convenient bill pay setup.

From there, you can add payees from a pre-generated list or by entering their information and your account number.

Once you have entered your payee’s information, you can set up a one-time transaction or a recurring payment directly from the bank account of your choice.

Set up online bill pay with MIDFLORIDA

With MIDFLORIDA’s 24/7 online banking, you can schedule unlimited payments right from your computer or mobile device.

What's more, MIDFLORIDA offers expedited payments, which allow you to send your payment faster than the standard delivery time, sometimes as early as the same day. Fees may apply for this service.

To take advantage of these offers, sign up for bill pay with MIDFLORIDA by calling the Help Desk or visiting your local branch.

Benefits of online bill pay

Online bill pay offers so many benefits you’ll wonder how you ever got along without it.

Convenience

When you set up online bill pay, you can pay everyone from a central location instead of logging into multiple websites. You can even see when each payment is scheduled so you can ensure you have enough money to cover it.

Many financial institutions have mobile apps to make online banking easier than ever.

Time-saving

In addition to being convenient, paying your bills from a central location also saves you time. Paying bills is rarely an enjoyable experience, so why spend any more time on it than you have to?

Better financial management

Online bill pay also simplifies money management. When you can see all your upcoming bills in one place, you’ll have an easier time figuring out when to schedule payments and when the money needs to be in your account instead of having to flip between several different websites for the information.

Go paperless

Eliminate paper waste when you sign up to receive electronic bills from providers.. Paperless documents are good for the environment and mean you’ll have less paper cluttering your home.

Save money on mail

Another benefit of online bill pay is that it can save you money. You won’t have to write checks, so you won’t have to spend money reordering them. You also won’t have to spend  money on stamps, which offers more significant savings as the years go on.

Security

When you pay your bills through  online banking, you use financial security protocols to secure your transactions. You won’t have to worry about hackers breaking into one of your payee’s databases and stealing your debit card or credit card information.

Tips to get the most from online bill pay

While online bill pay offers many benefits, a few simple tricks can help you get even more out of the service.

1. Create a separate checking or savings account to deposit the money you’ll use to pay the bills. This can be a great way to organize your finances and ensure you never accidentally spend money that was meant for your necessary expenses.
2. Set up recurring payments. This will automatically pay each company every month, on a day you choose. If you worry about paying your bills on time, this might be the answer to your prayers.
3. Only automate bills with a constant expense each month, such as:
   • Loan payments
   • Rent
   • Mortgage
   • Internet
   • Cell phone

If you don’t know just how much you’ll be paying each month, it’s best to pay that bill manually. Otherwise, you’re running the risk of overdrawing your account.

4. Set your automatic bill payment date a day or two after you get paid. That way, you know you’ll have enough money to cover the bills.
5. Modify your Direct Deposit to deposit the money for your bills in your dedicated bill pay account every paycheck.

Take advantage of the MIDFLORIDA online bill pay service

When you sign up for online bill pay services, you’re not just giving yourself more convenience. You’re transforming the way you do your banking entirely.

Online banking allows you to monitor all your bills from a single location, schedule payments, and even set up recurring payments. Hence, you won’t have to worry about missing payments.

Experience the benefits of online bill pay, and become a member of MIDFLORIDA today.

Not only will you get to access the online bill pay service, but you’ll also get the many other benefits of being a member, including early paycheck deposits, mobile deposits, and the personalized service that only a credit union can provide.

As a bonus, new members can get $200 from MIDFLORIDA by signing up for Free Checking!²

Further Reading Recommendations

Do You Need Multiple Checking Accounts? Pros and Cons

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5 Tips for Finding the Right Checking Account Features

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Should You Open A Bank Account Online Or In Person?

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¹Fees may apply. Bill Pay not available for Freedom Banking. Must be 18 years old for certain accounts.

²Offer valid as of July 15, 2024, and may be canceled at any time. MIDFLORIDA Credit Union membership and eligibility requirements apply. See associate for details regarding fees and terms. To qualify for the $200 incentive, you must open a new Free Checking account with direct deposit ($500 cumulative which must post within 60 days of account opening); accept and open online banking, online bill payment, eStatement, and a debit card; and complete 5 debit card purchase transactions in one calendar month (to be completed within the first 60 days of account opening). No dividends are paid on Free Checking. Annual Percentage Yield is 0.00%. Limit one incentive per Social Security number. Past checking account holders and previous recipients of checking account incentives are ineligible. The incentive will be deposited to new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50.