Whats in it for the Banks??

[Conan71]

I use BOK and use their free bill pay service.  It's great.  Fill in the info one time on your payees, then, when you pay your bills, you simply enter the amount and date for all your payees and your done....  all at one web site.  They also handle re-occurring bills, transfers, .....

You use the BANK OF KAISER?  Obviously some sort of large scale conspiracy for Tulsa's finest to be using BOK

/channelling Friendly Bear

[TUalum0982]

So I guess maybe nothing is really in it for them, in regards to me as a customer. 

As he was signing me up for this promotion, we were looking at my checking account and he asked "you do not write many checks do you"?  I said "no, I honestly prefer to pay them on each companies website (bestbuy, directv, cox, att, etc, etc) that way I know they are paid each month.  The only thing we write checks for are our water, gas and electric. 

So he obviously knew that this wasn't going to save me much time/energy because I already pay a majority of my bills online.

I also prefer the local banks (BOK, IBC(somewhat)).  But Chase has a freedom rewards check card, and I get 4 points for every dollar spent with it.  And at certain point levels, I can choose from gift cards to places like JC Penney, Ruth's Chris, Best Buy, etc etc. I already have 46,000 points since May.  I already have a 100 dollar Ruth's Chris card on my way, so they are rewarding me someway!

[tshane250]

So I guess maybe nothing is really in it for them, in regards to me as a customer. 

Well, you are paying them a lot of money in interest on your home loan, so keeping you happy (and loyal to them) is in their interest. 

[BKDotCom]

The only thing we write checks for are our water, gas and electric. 

Water, gas, and electric bills (even Aunt Sue) can be paid via your bank's online billpay...   (Let them pay the price of postage)

Your water bill comes in the mail...just go online and enter the amount and date...

[Conan71]

Water, gas, and electric bills (even Aunt Sue) can be paid via your bank's online billpay...   (Let them pay the price of postage)

Your water bill comes in the mail...just go online and enter the amount and date...

Seems like IBC sent me a notice stating the were going to start paying my COT water bill electronically instead of paper.