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Ask Dave

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.