Bill pay is a service offered by some providers that allows you to pay your own or someone else’s utility, car and other bills. In some circumstances, you can also pay bills for beneficiaries elsewhere in the world.
A bill pay service allows you to avoid late fees and can help you avoid derogatory marks on your credit history for missing or delayed payments. You can pay bills for yourself or another person in several different categories including automobile loans, utilities, child support, healthcare, insurance, phones, mortgage and rent, taxes, citations, credit cards and more.
Money Transfer Glossary
When it comes to exchanging money, paying for your transfer, understanding exchange rates and more, it’s important to understand what all the details mean. But don't worry. We’ve got you covered with our complete Monito glossary and guide to the most frequent terms you’ll come across when you send or receive money internationally.