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5 Tips on Making the Switch from Paper to Online Banking

Receive E-bills

Do you get some anxiety when picturing or looking at your bill-paying "station?" Maybe half a dining table, most of your desk or even a spot on a living room table has a pile of envelopes, each stuffed with special offers, account notices and unsolicited junk you feel obligated to look through or at least to throw away, but it has to be checked closely and shredded because it has so much personal information.

Imagine never having a bill-paying pile again. Everything from local utility bills to mortgage and rental statements can come straight to you without any paper at all. Bills sent via e-mail arrive as early and as reliably as paper bills -- companies want to be paid, so it's a mostly reliable system no matter the delivery. And registering for e-bills helps ensure that a piece of paper isn't lost somewhere with the postal service or in your stacks of paperwork.

Managing e-bills without paper can be as easy as using the calendar connected to your e-mail, whether Web-based mail like Gmail or an application such as Outlook. An e-bill has all of the information of a paper bill, including due date, amount owed and any interest or outstanding fees, without the junk mail papers and envelopes. You can still use a check and snail mail to pay e-bills, but there is an easier way, next.