Coming Soon: Mobile Bill Pay!
As part of our commitment to provide convenient service to our members 24 hours a day, we are currently working on a new mobile app which will allow you to pay bills right from your Apple or Android smartphones and tablets.
Mobile Bill Pay will be released soon for Apple and Android devices and it’s a true innovation in our industry.
What makes 3Rivers Mobile Bill Pay so innovative is the ability to pay your bills simply by taking a picture of your billing statement. The app will recognize the payee information from the picture, then you just enter the amount you’re paying and the payment date, and that’s it! It’s another way we’re working to make your money matters simpler. Not only can you save on stamps by paying bills electronically, but now you can save precious minutes by paying bills anywhere and anytime right on your smartphone or tablet!
Keep following the 3Rivers blog to learn more about how Mobile Bill Pay will help you save time and money!
The Truth About Minimum Credit Card Payments
In a perfect world, we’d all be able to pay our entire credit card balance every month. We don’t live in a perfect world.
Maybe the car broke down, basement flooded, or one of the kids thought the TV was a Piñata. Whatever the reason, you have a credit card balance, and it’s not the end of the world. Sometimes you have to make a minimum payment.
With a 3Rivers Visa Platinum, you’ll only ever be asked to pay 1.5% of your balance every month, and that’s ok when life throws you a curveball, and you’re unable to pay more. However, we want all of our members to adopt healthy financial habits and encourage you to pay more than the minimum.
Paying more than the minimum means paying less interest, and it means saving money over time. Paying the entire balance every month means you don’t have to pay any interest and won’t pay a penny more than what your purchases cost.
Here’s an example of how paying more each month will save you in the long run.
VISA Platinum Balance = $5,000
Annual Percentage Rate = 8.95%
| Payment Per Month | How Long To Payoff? | Total Interest Paid |
| $75 | 7 yrs, 8 months | $1,941 |
| $150 | 3 yrs, 3 months | $770 |
| $500 | 11 months | $216 |
So you may wonder why we don’t force you to pay the whole balance if it’s the best way to pay. We know that it’s not always possible to pay the entire balance, so we want to give you a flexible way to pay your bill each month. For that reason, we’ll let you pay as little as 1.5% of your balance as your minimum payment. But remember that your best bet will always be to pay more than the minimum each month. That’s how you can eliminate debt quicker and pay less interest over the life of your credit card.
Fantasy League Treasurer? Online Bill Pay Makes it Easy.
So, week one of the NFL season is in the books. How’s your fantasy team (or teams) faring? Have you already dropped John Skelton for Mark Sanchez? Wondering why you took Kansas City’s defense in the eighth round?
Whether you’re leader of the pack or wallowing in the cellar, remember it’s only the first week. But, if you’re the fantasy league treasurer, instead of griping about how much of a pain in the you-know-what it is, use our free Online Bill Pay to make it easier on yourself.
I know, you’re thinking “Bill Pay? For my Fantasy League?”
Stick with me. I’ve done this before. And you can too! It will make your life easier and the rest of your league will be in awe of your brilliance.
You can “Pay a Person” with Online Bill Pay just like you would any company or business. All account and routing numbers are shared through secure interfaces, so the people you pay will never know your account number, nor will they ever know yours.
Once you sign in, go to the payments screen and click the “Add a Person” radial button. Then, enter just a few details about that person (name, email address, phone, etc.). As you walk through the steps, you’ll be asked to provide a keyword that you will privately share with that person.
Once you’ve entered those details, you’ll be asked to activate the person. To activate, you will need to enter a code that can be obtained by phone, sms or email. From there, you can issue your payment to that person just like you would any other bill.
In the meantime, the person you are adding will receive an email with a link. When they click it, they will be asked to provide their account number, routing number, account type and the keyword your privately shared with them. After that is complete, the money will be issued directly into their account.
Pretty easy huh?
Now, I’d like to talk to you about a trade involving my third-string kicker…
Ready to Take Control of Your Debt Like Our Members Did?
In 2011, 3Rivers members worked hard to find new ways to control debt instead of increasing their loan burdens. The infographics below shows just how much debt our members have reduced:
How does that break down per member, you ask? Well, here you go…
What about you? Are you ready to take control of your debt in 2012?
We can help you get started and keep the momentum going! Use our Loan Saver tool to find out how much you could be saving by moving your debt to 3Rivers. Then apply online or visit us in person to talk about making your debt easier to eliminate so you can save money too!
What would you do with an extra $112 every month? Leave a comment and let us know!
3 Enhancements for Easier Online Bill Pay
We wanted to share some recent enhancements that have been added to our Online Bill Pay solution. They will provide you with more flexibility in payments and history research. They are:
- Extended payment history (84 months for payment history);
- Check images (available for up to 18 months if the payment is issued by check); and
- eBills, which electronically notifies you of payment due dates and amounts from supported payee’s websites.
Let’s take a closer look at these three features:
Extended Online Bill Payment History and Check Images
This allows for easier tax reporting and receipt tracking. And now, payments issued by check are connected to the actual cleared check images, giving you more ability to verify payments without having to request additional documentation. To obtain a check image after signing into Online Bill Pay:
- Go to Payment History and search your desired date range.
- Payment activity that took place during that range will display. If the method indicates “check”, click “view” in the details section (under the confirmation number).
- The next page gives the payment and posting details. There is also an ability to click a link to “view cleared check”.
eBills
eBills helps you streamline your money matters by notifying you when a new bill is due and pre-filling the amount due information. It’s simple to get started:
- Go to the Online Bill Pay homepage (or, in the course of paying bills, if that payment is eligible for ebills, there will be a link that suggests setting it up).
- In the eBill signup section, your eBill eligible payees will display. Click “Sign Up”.
- Enter the login info you would use at that payee’s website.
- Once verified, you’ll confirm and complete setup and get a confirmation email.
- When an eBill is ready for payment, it will display on your payments screen. Pay like you would any other bill.
Learn more about eBill and some of the advanced features here.
WHAT!?!? You don’t use Online Bill Pay? Give Bill Pay a test drive. When you’re ready, sign into Online Access and click the “Pay Bills” tab to activate and get started.
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