When you sign up for Bill Pay, you must make at least 3 payments/transactions per monthly cycle to avoid a monthly maintenance fee of $4.95. More than 20 payments/transactions per monthly cycle will incur a $0.50 fee per additional payment/transaction.
Let's say that each month you send a check to pay the following Bills: Electric, Gas, Cell Phone, Telephone & Internet, Cable Television, a House Mortgage, and Car Loan. In addition, you probably receive bills for medical expenses, car expenses, home repair, etc. That can easily add up to $40 or more per year in stamps alone!
That's a lot of checks! Even a responsible adult can easily miss one or two bills of those nearly 100 per year exampled above. With many late fees nearing or exceeding $15 each, it's easy to see how Bill Pay can save you time, headaches, and money!