Is Electronic Bill Pay Safe?

Kyle asks how Dave feels about electronic bill pay each month and whether or not it's safe. Dave says yes and explains why.

QUESTION: Kyle on Twitter asks how Dave feels about electronic bill pay each month and whether or not it's safe. Dave says yes and explains why.

ANSWER: Yes. I do it all the time. It's safe. The only thing I don't allow you to do and I would never tell you to do with electronic access on your account is to allow access to someone who is in an adversarial position with you—meaning you're having a fight with them. A collector or a credit card collector is someone I would never allow to do that. All of my utilities are automatically drafted, and a big chunk goes out into mutual funds automatically—every single month. To have that done makes a ton of sense because with my utilities, I always get the discount that way. It's by far the best way to do it. I'm a huge fan.