With an online account, you can enjoy convenience and security, as long as you protect your account. Paying your bills through your online bank account makes the job more convenient and easier. You can automatically have the bills paid each month, thus avoiding late payments. However, there are both positives and negatives to paying your bills through your online account.
Positives include saving time and money for stamps, etc. You can pay your bills anytime in the comforts of your own home or even if you are travelling. You can also stay updated on your payment every month. When you pay your bills through your online account, the money could be transferred immediately to the recipient and you can check out your balance immediately.
Negatives include having to be really careful of the amount you pay. Make sure that it is not higher than the balance available in your account because you could risk running your account into overdraft. Since your payments are made automatically, there is a risk of not being able to check your statement often for accuracy. There is also a chance that identity thieves could steal your account information, despite the security offered by your online bank.