Nov 222014
 

By Mohammed Waseem

TD Bank is known as America’s most convenient bank and it tries to be just that by offering services that make the lives of their customers convenient. One of the problems Americans face is the payment of bills; it is one of the most inconvenient tasks in their lives. TD Bank has made it easy and convenient by offering a 3 step bill pay service.

To pay a bill, a customer just has to select the company or biller to pay the bill to and then enter the billing information before choosing the amount and time of payment. Any company or individual in the US can be paid with this service and this can be done anytime on any day except weekends and national holidays.

TD Bank Bill PayThey also guarantee on time payments, provided it has been scheduled accordingly. The earliest date the biller can receive the payment is displayed, which can be changed to schedule a future payments. E-bills can also be received, which is a move to save paper and do some good to the environment. Billers with a US address can be added at any time, to make payments to them.

It should however be noted that not all TD Bank accounts have this service available. It is available only with checking and money market accounts. Payments are completed either electronically or using paper checks. Electronic payments are completed just the next business day, paper checks typically take 4 business days.

Payments can be scheduled up to 1 year in advance, while the minimum number of days it can be scheduled varies from biller to biller. Typically, it is between 1 and 4 days. Notifications can also be setup to know when a bill is due. Same day payments are currently not supported, but they may offer it in the future.

Like I said above, one has to be a checking account or money market account holder with TD Bank to be able to use this service. Interested individuals can enquire further at 1-800-493-7562.

Jan 302014
 

By Mohammed Waseem

Venturing into bill payment services is one way for money transfer companies to diversify. Most companies are probably forced to keep up with the technology in order to keep their customers feeling that they are ahead of others. Customers are the primary focus for every business because the businesses exists because of them.

Many money transfer companies have introduced bill payment and have launched mobile apps. A few have launched mobile wallets for mobile money transfer, and a few have also introduced prepaid cards of their own.

MoneyGram, which is among the leading money payment services, also has a bill payment service. Like money transfer, they have bill payment service at any agent location or online. Apart from these, payments can also be made with cash at Walmart, CVS Pharmacy, Albertsons and Advance America. The number of retail locations for cash payment is over 35,000.

MoneyGram Bill PayA wide range of bills are accepted for payment by MoneyGram which include auto loans, rent, cable, phone, insurance and credit cards. Their fee starts at $1.49 and they offer same day, next day and 2-3 day services. Of course, they charge higher for same day payments; this can be used in order to avoid penalties for late payments. Notification for payment is received within 10 minutes for same day payments and accordingly for next day and 2-3 day payments.

Payments at an agent location requires that the customer gives the receive code for that biller and their account number. Card swipe facility is also available at select locations.

Bill Payment can also be made online at any time on MoneyGram website. Not all billers are available for online payment. The customer has to visit this link and enter the biller’s receive code and their account number. Payment is done using credit/debit cards. MoneyGram also offers bill payment solutions to businesses, which includes both in-person and online payments.

Just like their money transfer services, their bill payment service is convenient and accurate and their customer service is also quite good. So next time you look for options to pay your bills conveniently, you could consider MoneyGram as one.

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