The Complete Guide to Stock Yards Bank Online Bill Pay

Paying bills can be a tedious task. Writing checks, buying stamps, mailing envelopes – it takes time and effort each month. That’s why online bill pay through your bank can be such a convenient option.

In this comprehensive guide, we’ll explain everything you need to know about Stock Yards Bank’s online bill pay feature. Whether you’re considering switching to online bill pay or are just looking to better understand how it works you’ll find the key details here.

What is Stock Yards Bank Online Bill Pay?

Stock Yards Bank’s online bill pay allows you to pay your bills directly from your Stock Yards Bank checking account without writing checks, buying stamps, or mailing payments.

With Stock Yards Bank’s online bill pay system, you can:

• Schedule one-time or recurring payments to companies or individuals
• Pay bills from your computer, smartphone or tablet
• Avoid late fees – schedule payments up to 18 months in advance
• Get text or email reminders when bills are due
• View payment history and scheduled payments in one place

It’s easy to keep track of your bills and make sure they are paid on time every month.

How Does Stock Yards Bank Online Bill Pay Work?

Using Stock Yards Bank’s online bill pay is straightforward. Once you enroll, you can start paying bills in just a few steps:

1. Log in – Access your Stock Yards Bank account online and log in to online banking
2. Add payees – Search for companies you want to pay and add them as payees. You can search by company name, account number, or phone number.
3. Enter payment info – Enter the payment amount and date. You can pay bills immediately or schedule payments in advance.
4. Review and submit – Review the payment details and submit. Stock Yards Bank processes the payment.

For recurring bills, you only have to set up the payee and payment details once. The payments will automatically go out each month.

You can pay from any Stock Yards Bank checking account. The payment amount is taken out of your account and sent to the payee either electronically or by mail.

It’s easy to manage payments on the go with Stock Yards Bank’s mobile app too.

Benefits of Stock Yards Bank Online Bill Pay

Switching to Stock Yards Bank’s online bill pay offers many advantages:

Fast: Online bill pay gets payments to the right people in a few business days, which is often faster than sending money through the mail.

Payments are secure – Your payment info is encrypted for security. Payments display as “Stock Yards Bank” on your payees’ records, not your account number.

Avoid late fees – Schedule payments weeks or months in advance to avoid forgetting a payment.

Save time – Pay all your bills in one place without writing checks, addressing envelopes, and going to the post office.

Get reminders – Opt in to get text or email reminders when bills are due so you never miss a payment.

Access payment history – All your payments are stored securely so you can look back at what bills you paid and when.

For ultimate convenience, Stock Yards Bank’s online bill pay lets you consolidate bill payments quickly and securely.

How Much Does Stock Yards Bank Online Bill Pay Cost?

The good news is Stock Yards Bank offers online bill pay at no charge to customers. There are no monthly fees or transaction fees to use the online bill pay feature.

You get convenient online bill payment with the cost savings of not having to buy checks and stamps each month.

There are also no fees for:

• Enrolling in online bill pay
• Adding, editing, or deleting payees
• Changing or canceling scheduled payments
• Getting text/email reminders

The only potential fees are:

• Overdraft fee – If you don’t have enough money in your account to cover a payment, you may get charged an overdraft fee, just like with any debit transaction.
• Expedited payment fee – You can choose expedited next day or 2nd day delivery for an extra fee per payment.

Just maintain a sufficient balance in your account and you can use Stock Yards Bank’s convenient online bill pay at no extra cost.

Getting Started with Stock Yards Bank Online Bill Pay

Ready to start paying bills online? Here are some tips for enrolling in Stock Yards Bank’s online bill pay and adding your first payees:

1. Enroll in online banking – You need to be enrolled in Stock Yards Bank online banking to access online bill pay. If you don’t have online banking, visit your local branch to sign up.

2. Login and find bill pay – Login to online banking and select the Bill Pay option. The system will walk you through enrolling in online bill pay.

3. Add payees – Start adding the companies and individuals you want to pay. Entering details like account numbers will link the payees to your accounts.

4. Set up payments – Enter the payment amount and date for any immediate or scheduled payments. Recurring payments only need to be set up once.

5. Make final payment review – Review payment details before submitting to avoid errors. Account numbers and recipient names should match your intent.

Once your payees are added, paying bills through Stock Yards Bank online bill pay takes just minutes each month. Sign up today to simplify bill payment.

Paying Bills with Stock Yards Bank’s Mobile App

In addition to paying bills from your computer, Stock Yards Bank offers a full-featured mobile app so you can pay bills from anywhere.

The Stock Yards Bank mobile app allows you to:

• Pay bills to existing payees with a few taps
• Schedule one-time or recurring payments
• Add new payees
• Modify upcoming payments
• View payment history
• Receive bill pay alerts and reminders

With mobile bill pay, you can stay on top of payments and avoid late fees, even when you’re on the go. Payments sync between the mobile app and online banking so your payment activity is always up to date.

The Stock Yards Bank mobile app is available for download from the App Store (iOS devices) or Google Play Store (Android devices). Just search for Stock Yards Bank to install the app and login with your online banking credentials.

Tips for Managing Stock Yards Bank Online Bill Pay

Once you start using Stock Yards Bank’s online bill pay, follow these tips to get the most convenience and value from it:

• Schedule recurring payments – For bills that are the same each month like utilities, auto loans, and insurance, set up recurring payments so they go out automatically.

• Pay a week early – If possible, schedule bill payments to be sent 5-7 days before they are due. This gives extra time for the payee to receive and process the payment before the due date.

• Link bill pay to email – Have bill pay reminders sent to an email you check regularly so you don’t miss them.

• Check payment status – Log in regularly to check if any payments are still pending or if there were any issues sending payments.

• Notify payees – When first setting up payments to a payee, contact them to confirm they accept electronic payments and how to enter your account number.

• Update payee details – If you close an account or your contact info changes with a payee, be sure to update it in your online bill pay payee list.

• Set text alerts – Receive text message notifications when important bills are processed or fail to go through.

Following these tips will help you avoid late payments, manage payees smoothly, and ensure funds are available for scheduled payments.

How Does Stock Yards Bank Bill Pay Handle Late/Missing Payments?

With Stock Yards Bank’s online bill pay, scheduled payments will automatically try to send up to two more times if the first attempt fails or the payee doesn’t receive it.

Here’s how Stock Yards Bank handles late or missing bill payments:

• 1st attempt – The system will first send the payment by the date you scheduled. Most payments go through at this stage.

• 2nd attempt – If the 1st attempt fails or the payee doesn’t receive it, the system will automatically send the payment again in 3-4 business days.

• 3rd attempt – If the payment still fails or hasn’t arrived after the 2nd try, the system will make a final attempt 3-4 business days later.

• Notification – After each failed attempt, you will get notified by email or text so you are aware there was an issue.

• Cancellation – If after 3 attempts the payment does not process, the payment will cancel and you will need to contact the payee directly.

This automated retry process provides an extra layer of protection against late payments caused by technical errors or other issues. With each attempt, Stock Yards Bank’s bill pay tries to drive on-time delivery.

Helpful Features of Stock Yards Bank’s Online Bill Pay

Stock Yards Bank offers