Paying bills and transferring funds between accounts, and making other account transactions through a personal computer via the Internet. Typically, banks and other financial institutions charge a nominal amount each month to provide online banking services.
Webster's New World Finance
Online Bill Paying Sentence Examples
There are two basic types of online bill paying services.
When choosing which online bill paying service is best for your financial needs, consider the features discussed in this section.
Be certain that the online bill paying service provider allows you to arrange for repeating payments and schedule payments for standard monthly expenses in advance.
Some online bill paying services will only work with creditors that allow electronic payments.
Some online bill paying services require that you change your billing address to that of the online bill paying service provider.