Monitoring necessary with online bill payments - FOX 26 News | MyFoxHouston

Monitoring necessary with online bill payments

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HOUSTON (FOX 26) -

As people rely more on conducting business on the internet, that includes a growing acceptance for paying bills online.

A recent banking study found nearly three quarters of internet-connected homes paid, at least, some of their bills online.

But despite the convenience, the biggest pitfall that can catch a lot of people is that it's not something that can be set-up and forgotten.

As bills come in, online or in the mailbox, it's important to scrutinize them to make sure you're being charged appropriately.

"You still have to pay attention to all your finances and keep track of all your bills," says Kiplinger Magazine's Stacy Rapacon, "Make sure everything is getting paid on time; that you're paying the right amount; and you're paying the right amount from the right accounts."

Financial experts suggest consumers use their bank's online bill-paying feature, which allows greater control over when money exchanges hands.

Automatic payments can be linked to credit cards, rather than bank accounts, to offer another layer of financial protection.

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