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Problems With Online Bill Pay When Paper Checks Are Required

Tuesday, July 19, 2011 - 11:28 AM
Most online bill pay systems allow you to pay anyone. If the person or company that you need to pay isn't in the system, the service will mail a paper check. There is a potential problem with this as described in this blog post by The Finance Buff. The people receiving these checks may not know what the check is and assume it's a scam. With so many pseudo checks (cashing it signs you up for a monthly service), I'm not surprised to see this confusion.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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