Bill Pay
These are services offered by your bank and/or vendor and many times are cost free
Benifits of Bill Pay
Reduce Administrative costs
Reduce check printing and mailing costs
Reduce worrying about being timely
Reduce paperworks
Bill Pay
Auto pay involves arranging your bills to be automatically deducted from your bank account and/or credit card. They are setup through your vendors.
Benifits of Auto Pay
Free of charge with most vendors
No worries in being timely with your payments
No check printing costs
No tracking checks in the bank reconciliation process
Reduction in the filing of paperwork