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I hate to break it to you, but all you're doing is adding another paper step to what is, for all intents and purposes, an electronic process today. If anythingz it exposes you to potentially a higher risk for fraud than doing it electronically.
The Check 21 Act of 2004 allowed banks settling checks to use electronic images in lieu of physically shipping checks around. So all that happens today is you mail your bill to a company, they're scanning the check, and using that image to reconcile from their bank and your bank. It's literally a waste of paper.
Just set stuff up through your online banking portal and pay that way. You don't have to auto bill, but you're just wasting your own postage and trips to the mailbox.
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01-25-2019, 08:12 PM
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