Bill Pay is a common way to make payments through your online banking platform. You may already be familiar with it from your current banking experience. Here’s how it typically works:
Select a registered payee from a dropdown list.
Enter the unique account number associated with the payee.
Manually initiate and send a payment each month
Unlike Pre-Authorized Debit (PAD), Bill Pay requires you to manually initiate the payment rather than having it automatically withdrawn. Below is an example of how Bill Pay looks in the TD online banking app:
With Chexy, Bill Pay works just like it does with your bank. Here’s how you can pay your rent using Bill Pay through Chexy:
Find your payee or landlord on the registered payee list. Use the official name from a bill or statement.
Enter your unique account number. This is usually 7 or more digits and links the payment to you. This can often be found on your bill or account details.
Chexy will charge your credit card 3 business days before your rent is due.
On your rent due date, we’ll send the payment to your landlord at 2pm EST. The unique account number ensures it’s matched to your account.