Online bill payment lets you make individual or recurring electronic payments from your bank account. You can make the payment from your checking account or your credit card.

How does bill payment work? Electronic bill payment or eBill is a feature of online and mobile banking. It allows customers to pay for services and even pay each other.
To find out how does bill payment works, you need to understand two important terms.
The bill payment has two parties.
The payer is who pays the bill, and the payee is one who receives money.
Most customer-oriented banks offer online bill payment service for free.
But few banks target low-income people and charge for the bill payment service a small fee.
Small fees can add up to a significant amount over a long time.
For customers or payers, bill payment is an easy way to organize bills and pay them when they're due.
There are two types of bill payments.
One is when you or your bank initiates payment on your behalf.
Another is when the service provider or payee bills you and takes money from your bank account.
When you initiate the payment, you have to add a payee first.

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