Which Major Banks Have Free Online Bill Pay?


Quick Answer

Bank of America, US Bank and Wells Fargo offer free online bill payment. However, a fee may apply for a payment that needs to be made the same day.

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Which Major Banks Have Free Online Bill Pay?
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Full Answer

Once a Bank of America customer applies for online banking, a one-time payment or recurring payment can be set up. Payments are deducted from the customer's checking, money market savings account, SafeBalance account or home equity line of credit. Bank of America has no limit on the number of bills that can be paid online.

US Bank's online bill payment service is free for customers if the standard delivery option is chosen. Standard delivery payments are made within two days for electronic checks, or can take up to four days for a paper check. If a payment needs to reach its destination quicker, express delivery is available for $14.95. Express delivery payments cannot be set up in advance. US Bank recommends scheduling a payment at least five days before the bill is due.

Wells Fargo offers comparable services to Bank of America and US Bank. After the customer sets up a payee, a payment can be scheduled and sent. Payments sent from all three banks are made electronically. If the recipient cannot accept electronic payments, a paper check is sent. All three banks also offer an online security guarantee.

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