Bill Pay - How it works
Apply online and receive your User Id and password.
Approval is immediate, and you can start using your account at once.
No reason to ever re-apply, your account will stay open with us.
We set up a in-house bill paying account in your name,
that comes with up to $650.00 of bill paying ability, that you make requests of to have bills paid.
We pay by Electronic CHECKS only. We do not pay individuals, only companies that will accept electronic online check payments; ACH or E-checks in your behalf.
No single bill payment request can exceed $125.00, but you can make multiple requests to pay the same or other company(s), up to your bill paying limit. A bill total is made of multiple request amounts.
When you enter a bill, enter the TOTAL amount to be paid to that company.
Our system will break it down into 125.00 request amounts for you.
Mycashline charges a $5.00 per request processing fee and a $28.00 per request
bill paying fee on your Bill Paying Account.
Before a bill will be paid,certain FEES must be sent to your Mycashline account. These are calculated for you as you enter a bill to be paid.
Our cut-off time is 3:30 e.s.t.(M-F)
Requests for bills, and the associated fees must be made prior to the cut-off time on the date the bill is to be paid.
Example :
Request #1 - pay $95.00 to Power Company.
Request #2 - pay $125.00 to cell phone company.
Request #3 - pay additional $75.00 to cell phone company.
Request all made on same day.
A week later , you send in another request
Request #4 - pay $350.00 to Car Finance Company
As you had $650.00 of bill paying available, you are still within your limits.
First time customers, have a beginning limit of $200.00. Once your first requests are paid off satisfactorily, you can request a limit increase.
Once a bill is paid by Mycashline, we will notify you of the confirmation number given by that company.
14 days after the bill is paid by Mycashline, you must make a minimum payment or payoff the balance of that bill. If for any reason, the payment amount is not made within the period allowed, then Mycashline will reverse (charge back) the amount in full to the company.
