Quote:
Originally Posted by shalym
What do you mean "it depends on how the transfer is done"? Does your bank charge to pay bills electronically? What are the different ways to do the transfers? At any of the 3 banks that I use, I can set someone up as a payee and send them money either as a one time payment or as an automatic payment. I can also set up a transfer from one bank to another. Neither of these actions generate any fees. The only thing that would generate a fee would be if I set up the transfer as a wire.
Shari
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My bank only allows all that transferring if they have an account with them. Just need their email address. My "bank" is a credit union so it may not be as full-service.
Bill pay is done by a third party so that you don't need their account info.
US banks have Visa/MC debit cards instead of all this transferring.