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To: Charlie Smith who wrote (9533)9/1/1999 12:10:00 PM
From: Benny Baga  Read Replies (1) | Respond to of 20297
 
>>>> I save at least 40 minutes per month vs. paper, and that number will increase when I no longer have to keep track of paper bills and can get them electronically.

Not to mention, some banks like First Union actually charge 50 cents for each paper check you write (depending on the account). No wonder the Corestates merger was such a mess. Mrs. Baga was a former Corestates customer but is now a NetBank customer.

Also makes me wonder (when/if e-billing takes off) if more banks will start charging for paper checks, instead of eating the cost. Banks love fees.

Benny(IMHO)



To: Charlie Smith who wrote (9533)9/1/1999 12:15:00 PM
From: Sam Biller  Respond to of 20297
 
I just spoke to him again. He factored in the cost of the stamp, the envelope, and the check.

He discounted the time savings since he claimed that it took about as long to connect to the web, send the e-payment, record the transaction manually in his checkbook log (I realize that this will eventually disappear), etc.

He confirmed that he would indeed sign-up again if they charged on a per-transaction basis instead of $5.95/month.

-Sam


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