doxoBILLS Linked Bank Account, one of the Six Essentials of doxo’s All-in-One Bill Pay, provides FREE bill payments with real-time bank balance that reduces the risk of overdraft fees.
SEATTLE–(BUSINESS WIRE)–Managing monthly bills has long been a fragmented and time-consuming process for consumers. Between juggling multiple biller websites, due dates, and payment accounts, it’s difficult to know your exact available funds before making a payment. This lack of real-time visibility can lead to overdrafts, payment fees, and unnecessary stress.
doxoBILLS Real-Time Bank Balance with Linked Bank Account, one of the Six Essentials of doxoBILLS All-in-One Bill Pay, provides real-time account visibility and FREE payment delivery—helping consumers avoid costly overdraft fees that totaled over $8 billion last year.
In the doxoBILLS Wallet, consumers can securely link their bank account to over 10,000 U.S. banks and credit unions to verify account ownership and make secure, FREE payments—all while keeping their sensitive financial data private.
Already to date, doxo users have paid tens of millions of bills using more than 6,500 distinct banks and credit unions across the country, and with its linked bank feature is the first to bring the power of free payments and bill pay portability to consumers, no matter which bank or credit union they choose.
Unlike traditional bank bill pay systems that restrict payments to a single bank website and a single checking account, doxoBILLS gives consumers the freedom to use any bank and payment method. doxoBILLS provides users a flexible, portable payment experience that stays with them even when they change banks, and enables payments from any payment account for any bill, including debit cards, credit cards, Apple Pay, or checking accounts. doxoBILLS is the only pay service that’s built around the user, providing independence and flexibility no bank or biller-centered solution can offer.
“doxoBILLS uniquely empowers consumers by delivering the first truly independent bill pay service, providing a consumer-centered experience that finally overcomes the limitations of a bill pay industry that has been inconveniently limited to either an individual biller or a specific bank,” said Steve Shivers, Co-founder and CEO of doxo. “doxo’s mission is to empower and protect consumers by providing the first truly ubiquitous bill pay experience that works with any payment method, any bank, and any biller. And by linking doxoBILLS to their bank account, our users can check their balance before making a payment and pay any bill, across more than 120,000 billers, for free.”
The Problem: Fragmented Bill Pay Costs Consumers Billions in Late and Overdraft Fees
Consumers increasingly want the convenience of paying bills online—from utilities to other essential services—but many billers still charge fees for online payments, even some when paying from a bank account. Traditional payment methods like mailed checks or paper forms can expose consumers to human error, costly delays, and potential security risks.
According to doxo’s 2024 Hidden Costs of Bill Pay Report, overdraft fees alone cost consumers $8 billion annually. On average, households lose $1,495 annually to fees, overdrafts, and other payment errors—an 18% increase year-over-year. Sharing payment information across multiple billers further increases the risk of identity fraud, data breaches, and human error.
The Solution: Instant Insight. Seamless Payment. Zero Fees.
With doxoBILLS Real-Time Bank Balance and FREE Payments with Linked Bank Account, powered by Plaid, consumers gain instant visibility into their finances and complete control over their bill payments:
- No Payment Fees: Online payments are completely free when paid through a Linked Bank Account within doxo.
- Account Balance Verification: doxo’s account balance verification protects consumers from expensive bank overdrafts due to insufficient funds.
- Overdraft Avoidance: See your actual account balance before paying—helping prevent overdrafts and unnecessary bank fees.
- Private Pay Protection: Your sensitive financial information stays private—never shared with billers.
- Secure Tokenization: Each connection generates a unique, encrypted token to ensure secure and private data transfer.
- Verified Account Ownership: Real-time fraud protection, high-risk account detection, and predictive insights to reduce the risk of ACH returns.
With doxo, Consumers can:
- View real-time balances for all linked accounts directly within doxo before paying any bill.
- Pay over 120,000 billers with zero delivery fees.
- Avoid overdrafts by knowing exactly how much is available before paying.
- Manage all payments in one simple, secure dashboard.
Real-Time Bank Balance and FREE Payments with Linked Bank Account, empowers consumers to take control of their finances, reduce costly errors, and enjoy the convenience of a unified, fee-free bill payment experience.
doxoBILLS: The Six Essentials of Bill Pay
Real-Time Bank Balance and FREE Payments with Linked Bank Account is one of six foundational elements of doxoBILLS—the industry’s most comprehensive approach to secure, streamlined bill management:
- Unified Bill Pay Calendar
- Private Pay Wallet™
- Real-Time Bank Balance and FREE Payments with Linked Bank Account
- $1M Identity Theft Protection
- Credit Score Protection
- Insights
Together, these six essentials empower consumers to manage and pay all their bills with one login, on any device, using any payment method—while maximizing control, visibility, and security.
Built on doxo’s advanced Bill Pay OS, doxoBILLS enables users to manage their finances with confidence and clarity—anytime, anywhere.
doxoPLUS is a monthly subscription providing advanced bill pay protections for $5.99 per month (plus applicable tax). In addition to Credit Score Protection, Identity Theft Protection, Late Fee Protection and Overdraft Fee Protection, doxoPLUS expands free payment options for not just linked bank payments, but also standard ACH and most debit cards as well.
Learn more about doxoBILLS Real-Time Bank Balance and FREE Payments with Linked Bank Account and the full doxoBILLS experience here.
About doxo
doxo delivers innovation that transforms the bill pay experience for consumers, billers and financial technology providers. For over 10M consumers, doxo’s all-in-one bill pay makes it simple to organize and pay any bill on any device through a secure checkout. For billers, doxo’s network-driven platform enables online and mobile payments with a ridiculously simple integration, radically lower costs, and game-changing features that are unavailable with legacy bill pay vendors. For fintech partners, doxo delivers financial innovations to consumers across 97% of US Zip Codes, paying from more than 8,000 financial institutions to over 120,000 billers in 45+ service categories. For employees, doxo is a creative, ever-learning team that is passionate about building fintech tools that dramatically improve the bill pay experience. For investors, doxo provides an extraordinary opportunity to invest alongside Jackson Square Ventures, MDV, and Bezos Expeditions to disrupt a market that accounts for over $4T of US Household spend. To learn more, visit doxo.com.
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