If you are still doing bill payment the old fashioned way (with checks), chances are you are in the minority. Online bill payment is one of the fastest growing industries and consumers are flocking to these bill payment services in droves. They offer fast convenient and often times free bill payment services that you can access 24/7 via the Internet.

The biggest concern most people have to online bill payment is that of security. Interestingly, there have been very few reports of Internet fraud related to online bill payment. This is due in part because these services require you to use the highest possible encryption level on your browser and they usually double check your physical address when you sign up to use their services.

There are many alternatives if you are electing a bill payment service. You should check with your current bank and see what they have to offer. Even if they don’t directly offer the bill payment service, chances are good they have an agreement with one of the existing services and can help you set up the linked accounts. If your bank does not have any bill payment services available, look into one of the many online resources listed here.