When you set up a bill as an Apay (An electronic payment that you set up with your financial institution where funds are automatically withdrawn from your account and a payment sent to the payee, whether or not you connect to your financial institution. The payment is recorded in your Account Register the first time you connect within 30 days of the due date. Same as automatic payment.), you donÆt have to remember to pay that bill again. You only need to set up an automatic payment once. After that, your bank will make the payment automatically and on time, and Direct Bill Payment (A Direct Financial Service that allows you to pay bills electronically, which can be used with any checking account in the U.S. After you set up Direct Bill Payment at your financial institution, you can have money electronically debited from your account and your financial institution will send that money to your designated payee.) will record it in the Account Register. (Availability of automatic payments depends on your bank.)

You can use Apays to pay bills that have a fixed frequency (The rate at which recurring transactions take place: for example, weekly, monthly, or quarterly.) and a fixed amount, such as car, rent, and mortgage payments. You can also use automatic payments to help you save for retirement by automatically transferring money to an online-enabled savings or investment account (An account type specifically tailored for investment record keeping. Generally, youÆll set up one investment account for each account statement you receive. YouÆll then add individual investments to this investment account.).

Apays occur automatically until you call your bank and cancel them; therefore, it doesnÆt make sense to create an Apay for a one-time payment. Also, Apays cannot be paid more frequently than every other week.

You can only set up automatic payments for bills that are the same amount every time. If the amount of this bill varies from payment to payment, then you cannot set it up as an Apay.

The next time you connect to your financial institution (Bank, brokerage house, and credit card provider.), Money automatically enters all Apays due within the next 30 days into your Account Register. This gives you a chance to cancel the payment before it's made and reminds you to have funds available to cover the payment.

Yes. Once you set up an automatic payment and connect to your bank, your bank withdraws the necessary funds from your account and pays the bills when they're due, whether or not you connect online. Therefore, it's important that you remain aware of your account balance and keep enough money in your account to cover the automatic deductions. Connect regularly, and your Account Register will always show upcoming Apays.