The Top 7 Best Banks for Online Bill Pay in 2023

Paying bills is a necessary but often tedious task. Fortunately, online bill pay offered by banks has made the process much simpler and convenient. With online bill pay, you can easily schedule and manage bill payments right from your bank’s website or mobile app.

I’ve researched and compiled this list of the 7 best banks for online bill pay in 2023 based on fees, user experience and features. Whether you’re looking to switch banks or want to enable online bill pay with your existing bank this guide will help you find the perfect option.

Why Choose Online Bill Pay?

Here are some of the biggest reasons to use your bank’s online bill pay option:

• Convenience – Pay all your bills from one place without writing checks, buying stamps, or going to a payment center. Many banks allow 24/7 access.

• Save time – Set up recurring payments so bills are paid automatically each month. No more forgetting due dates

• Get reminders – Many banks send payment reminders and notify you when e-bills are available.

• Track payments – Easily view pending and past payments all in one place

• Earn rewards – Certain banks offer rewards points for paying bills online.

• Go paperless – Reduce clutter and help the environment by going paperless.

• Avoid late fees – Online bill pay ensures bills are paid on time, avoiding costly late fees.

• Enhanced security – Secure login and encryption give you peace of mind.

7 Best Banks for Online Bill Pay

Based on user experience, features, and convenience, here are my top picks for the best banks for online bill pay:

1. Chase

Chase offers user-friendly online and mobile bill pay with no monthly fee. I like Chase because it has extensive biller search capabilities, lets you set up automatic recurring payments, and provides payment notifications. You can easily track pending and past payments too.

With the Chase Mobile app, you can pay bills from anywhere. Payments arrive within 1-3 business days. And if you have a premium checking account, you can make same day electronic payments.

2. Bank of America

Bank of America’s online and mobile bill pay is easy to use with a number of convenient features. These include recurring payments, bill reminders, a payee list to simplify payment setup, and a payment calendar.

Like Chase, Bank of America offers expedited same day payment for an added fee (only available with premium accounts). Standard electronic payments arrive within 2-3 business days.

3. Wells Fargo

Wells Fargo provides a user-friendly bill pay interface through Wells Fargo Online Banking. Features include bill reminders, recurring payments, and same day rush electronic payments (for a fee).

You can also make expedited payments via overnight check. The standard 1-3 day electronic payment is free. And with the Wells Fargo Mobile app, you can conveniently pay bills on-the-go.

4. Citibank

Citibank’s online bill pay allows you to add payees by account number or from their payee directory. They also offer automatic reminders when bills are due, the ability to set up recurring payments, and next day rush delivery for an added fee.

Citibank Online and Mobile Banking make bill pay easy and convenient. Standard electronic payments arrive within 2-3 business days and are free.

5. Capital One

Capital One’s no fee online bill pay provides many options to simplify bill payments. These include bill reminders, the ability to set up recurring payments, add payees to your list, and make same day rush payments for an extra cost.

In addition, Capital One has one of the largest biller directories available to easily find payees. Standard electronic payments arrive in 2-3 business days.

6. TD Bank

TD Bank offers full-featured online bill pay with a user-friendly interface. You can set up automatic bill payments, receive email reminders, make one-time or recurring payments, and easily view past payments.

TD Bank also offers next day rush delivery for a fee. Standard 1-3 day electronic payments are free. And their well-designed mobile app provides easy on-the-go bill pay access.

7. PNC Bank

PNC Bank provides online bill pay through their Virtual Wallet service. It includes useful bill management features like recurring payments, bill reminders, and a calendar view of upcoming bills.

Same day rush payment is available for a fee. Otherwise, standard 1-3 day electronic payments are free. You can also use PNC’s mobile app to pay bills from anywhere.

Tips for Picking the Right Online Bill Pay Service

• Make sure online bill pay is free, or only charges fees for expedited payments.

• Look for banks that provide mobile apps for bill pay access on-the-go.

• Consider banks with large biller directories to easily find payees.

• Look for convenient features like automatic reminders, recurring payments, payment calendars, and detailed payment histories.

• Evaluate the bank’s electronic payment speed. Is same day or next day rush delivery available for a fee? How long do standard payments take?

• Read online reviews and compare bank user experiences. Is the interface easy to navigate?

• If you travel frequently, choose a bank with easy international access for online bill pay.

By evaluating these key factors, you can determine which bank offers the online bill pay features and convenience that best fits your needs.

Is Online Bill Pay Safe?

It’s understandable to have security concerns when paying bills online. However, banks utilize advanced security measures and encryption technology to keep your information safe. As long as you use a secure wifi or cellular connection, online bill pay is very safe.

Here are some tips to ensure safe online bill payments:

• Use a strong password and enable two-factor authentication if available.

• Never access your account on unsecured public wifi. Stick to cellular data or private wifi.

• Log out fully after each bill pay session. Don’t stay permanently logged in.

• Review statements to confirm payment details and catch unauthorized charges.

• Contact your bank immediately if you notice any suspicious activity on your account.

As long as you take appropriate precautions, paying bills through your bank’s online portal or mobile app is very secure. The convenience and ease of online bill pay far outweighs the relatively minor security risks.

Get Started With Online Bill Pay Today

Online bill pay makes managing monthly bills incredibly simple. And it’s a free feature offered by most major banks and credit unions. To get started, just log into your bank account and look for a “Bill Pay” tab.

If your current bank doesn’t offer online bill pay, consider switching to one of the top picks on this list like Chase, Bank of America, or Wells Fargo. Their online bill payment services provide great convenience through easy-to-use interfaces, bill reminders, payee directories, payment histories, mobile apps, and more.

Start enjoying the ease and convenience of paying all your bills through one simple online portal. Ditch the paperwork, stamps, and time wasted on manual payments. Online bill pay will save you time while giving you peace of mind knowing bills are always paid on time.