Banking

Advance Financial Launches Free Bill Pay

Advance Financial, a leading financial services retailer with more than 80 locations across Tennessee, now offers Free Bill Pay at every location in the state.

The company announced the new service in a press release, stating it will offer an extensive list of more than 1,500 payees such as utility, telecom, vehicle and credit card companies, as well as free money orders and affordable check cashing. And while bill pay services at other retailers and kiosks can cost $0.50 to $5 per bill, Advance’s bill pay services are free.

“Advance Financial is proud to make the investment in Free Bill Pay services to continue providing affordable financial services to our customers,” said Tina Hodges, CEO and chief experience officer at Advance Financial. “Our Free Bill Pay service is an important step forward in the financial service industry and continues to level the playing field by making a traditional banking service, like no-fee bill pay, available to everyone.”

Customers make an average of 10,000 bill payments in Advance Financial stores each month. It’s estimated that the company manages 20 percent of the in-store bill pay transactions in the region.

The Free Bill Pay service does not require establishing accounts or signing agreements, and customers can pay one time or every time. Bills can be paid 24 hours a day, seven days a week, the same as paying bills through traditional online banking.

——————————

PYMNTS LIVE ROUNDTABLE: TUESDAY, JULY 14, 2020 AT 12:00 PM (ET)

Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

Click to comment

TRENDING RIGHT NOW