Final answer:
Paying bills using the online bill pay feature with a checking account offers convenience, helps manage finances, and prevents overdraft fees. It provides a secure method to easily track and control expenses directly from your account.
Step-by-step explanation:
An advantage of paying your bills using the online bill pay feature with your checking account is that it simplifies money management. It allows you to keep tabs on your cash flow and avoid overdraft as well as the associated fees for having insufficient funds. Further advantages include the convenience of scheduling payments to avoid late fees and the safety of not having to mail physical checks.
Checking accounts provide easy access to your funds through debit card transactions that are immediately deducted from your account, as opposed to credit cards which bill you later. Some checking accounts also offer interest rates similar to savings accounts under certain conditions. Conversely, savings accounts may provide the ability to write checks and often pay some interest on the deposited funds.