What is Bill Pay? Get it Free

Bill Pay is a service that speeds up the monthly check-writing chore. Instead of writing and mailing checks one-by-one, bill-pay users click boxes and type amounts. SBSU and CheckFree do the rest. The system requires initial setup. After that, paying a bill is as easy as logging into our web site from anywhere in the world. Please click on each of the topics above to get the most from our bill pay system.

Easiest Way TO GET FREE BILL PAY (What is Bill Pay?)

Sign up for E-statements with any business or personal checking account**.

• You get free bill pay.
• Your E-statement includes images of posted checks.
• Paper statements will be turned off.

**Money Market accounts are excluded from the free bill pay offer because of the Federally regulated transaction restrictions, which limits payments to no more than three by check.

Obtaining E-statements:

Read the following guidelines and follow the links

• Be enrolled in our Internet Banking System. Enroll Now
• Have an existing personal or business checking account with us. You may need to visit SBSU in person to open an eligible account before continuing.
• Decide what to do with your personal account.
  • Convert it to BIG Interest Checking and get all the great benefits that go with it. Click here to convert your personal account now. Click here to Compare account features.
  • Convert it to Free E Checking and get all the great benefits that go with it. Click here to convert your personal account now. Click here to Compare account features.
  • Or simply sign up for E-statements and keep the account you have. Use this link to sign up for E-statements without changing other features about your account.
• Decide what to do with your business account.
  • Sign up for E-statements and get free bill pay.
  • Do nothing and continue to get paper statements, but not free bill pay.
• After converting to BIG Interest Checking, Free E Checking or signing up for E-statements you will no longer receive a paper statement in the mail. Instead, your statement will be posted electronically to our Internet Banking System.
• We, the bank, will assume that you have reviewed your statement the banking day after the statement cut-off, regardless if you actually look at it (See Reg E).
• Accounts combined with your checking, such as SureCash or Savings, will convert with the E-statement.
• Keep us informed of your address changes so that mailed notices go to the right place. We send tax information, SureCash transfers and overdraft notices by snail mail. Change your address by logging into our Internet Banking Service, and clicking on "Other Services", and then "Change Address".
• You may switch back to a traditional checking account at any time at no cost. Rates and benefits consistent with the account you choose will apply.

Why State Bank and CheckFree?

CheckFree employs the risk model for paying bills. This means that funds are debited from the user's account at about the same time the bill is paid. The user keeps the float! Most other providers take the money first and then attempt to pay the bill. About 70% of transactions are handled by electronic methods. The remaining 30% is divided between laser drafts (a check that post to the user's account) and corporate checks (a check from CheckFree's account). SBSU cannot control the payment method chosen by CheckFree.

The user picks which vendors to pay and the amount. The system automatically defaults to the earliest date the payment will reach the vendor, which the user may accept or adjust to a later date. The best part is the CheckFree guarantee that the payment will arrive on time if scheduled to reach the vendor before the due date.

Overdraft Caution: Both CheckFree and SBSU Overdraft charges may apply. SBSU may return CheckFree's collection attempt as NSF, in which case you will receive both SBSU and CheckFree NSF fees. CheckFree charges $20 per NSF or overdraft item. SBSU charges $22.

Money Market Caution: Federal regulations restrict money market withdrawals to no more than six (6) per month, three of which may be by check. A $10 fee is charged for each excess withdrawal. These limits make money Market accounts poor candidates to associate with bill pay.

Stop Payments: SBSU or CheckFree stop payment fees may apply depending upon the payment type. CheckFree charges $25 per stop. SBSU charges $22.

Enrolling in Bill Pay

• Enrollment in SBSU Bill Pay is easy!
• 60-day free trial period.
• You must first be enrolled in our Internet Banking System (click here to enroll).
• After logging into our Internet Banking System, click the "Pay Bills" icon.
• Fill out the enrollment forms completely and correctly with the required information.
• Select the appropriate pricing plan.
  • Select Totally Free Bill Pay if you have E-statements with any checking account or have Emerald Elite (premium personal checking with a $1500 minimum balance requirement). Compare Accounts.
  • Select Basic Bill Pay ($5 per month for 15, then 50¢ each) for any account without the E-statement option. This includes the following:
    • Classic 55, Free Checking or Interest Checking without E-statements.
    • Any business or non-profit account without E-statements.
  • SBSU personnel will review enrollments for proper plan selection.
• You may link one account during the enrollment process from which to pay bills. SBSU Computer Department personnel may link additional accounts for you (call 435-865-2394).
• Click on the "Submit" button when you have finished.

Using The New Bill Pay Interface

• There is generally a delay of one-banking day after enrollment before you may set up payees or pay bills.
• Enter payee information into the bill pay interface when it appears, usually one banking day after enrollment.
  • Click on "Add a Bill" and follow the prompts.
• Enter information completely and accurately.
  • Caution! Enter a complete address when required, including street and/or PO Box, city, state and ZIP. CheckFree keeps the address of some payees on file, but most addresses must be entered completely and accurately. Double check what you have entered before moving forward.
  • Do NOT assume that payments to a particular vendor or financial institution will be handled by electronic methods. The address information you enter must be accurate.
  • CheckFree prints instructions for crediting payments at the top of each laser draft. Be sure your account number with the vendor is entered correctly or that you provide sufficient "Check Memo" information to ensure that your payment is processed correctly.
  • CheckFree renames State Bank's Visa as "Certegy Card Services" on your list of payees (Certegy is the behind-the-scenes processor for SBSU). This is OK.
  • Laser drafts that post to your account like a check start with serial number 5000.

Working with Repeating Payments ~ Caution

• You may add a repeating or automatic payment for any biller.
• Click on "Manage my Bills" and select a biller. Set up the appropriate action from there.
• Warning! To cancel a repeating payment you must do two things:
  • Update the biller (Manage my Bills) to remove any automatic payments.
  • Cancel any payment listed as "Pending". It is too late to stop a payment listed as "In Process" or "Processed".
• Failure to do both will result in an unwanted payment.
• CheckFree identifies repeating payments as pending up to 30 days before the payment due date.

Bank to Bank Transfers ~ A Better Way

Don't use the bill pay system for bank to bank transfers or for paying State Bank loans. There's a better way, as follows:

• Bank-to-Bank Transfers: Use our "External Transfer" method for moving money to or from other financial institutions.
  • Log into our Internet Banking site
  • Click the "Transfer" button
  • Click the little "External Transfer" button. Print the form, fill it out and mail it to us. We'll set you up with a very reliable and fast method for moving money between financial institutions.
  • Return to the "Transfer" screen to move your money (after we have set it up).
• Loan Payments: Use the "Transfer" screen to pay your State Bank loans
  • Log into our Internet Banking site
  • Click "Transfer"
  • Your loan should be grouped with accounts under "Transfer To". Please contact us at (435)865-2394 if your loan does not appear on this screen.