<topic sku="core" tNum="226294" author="carlgr" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn about the benefits of using online services</title><category>online</category><klink type="cncpt">Tell me about the benefits of using online services</klink></index>
<content>
<!-- This file included Canadian-specific markup -->
<p>Money's online financial services use the power of the Internet to make managing your personal finances easier and more efficient. Depending on your bank, you can use <glossary>online services</glossary> to get account statements or pay bills online.</p>
<p><emph>Online statements.</emph> You can have Money automatically <glossary>download</glossary> statements from your bank to see the latest <glossary>transaction</glossary> activity and current balance for your account. When you download a statement, that account information is automatically added to your Money account.</p>
<p><emph>Online bill payments.</emph> You can schedule bills to be paid from your account at a set date. Online bill payment includes two types:</p>
<ul>
<li><emph>Electronic payments (Epay).</emph> Use <glossary tNum="288840">Epays</glossary> for one-time or regular expenses of varying amounts (such as utility and phone bills). By using an Epay and specifying a future date and a <glossary>payee</glossary>, you can schedule a payment to be sent from your account.</li>
<li><emph>Automatic payments (Apay).</emph> Use <glossary tNum="286940">Apays</glossary> for regularly recurring bills of set amounts (such as car, rent, and mortgage payments). Once you've set up an Apay, you don't have to worry about remembering to send a check in the mail. Money takes care of it for you and records it automatically in your account register.</li>
</ul>
<p><emph>Online transfers (Xfer).</emph> Use electronic transfers to move money from one account to another at the same bank.</p>
<p><emph>Web banking.</emph> Some banks don't offer the ability to use online services directly from Money, but do have Web sites that you can use to see account information and possibly pay bills or download statements.</p>
