Author Topic: Transferring money...bank to bank (Read 1644 times)

Scott S · « **on:** January 13, 2018, 04:48:47 AM »

For two years now, my girlfriend has been transferring money straight to my checking account on payday, for household bills and such.
She has Bank of America, I have a local credit union. Initially, it was transferred using ClearExchange. I'd get an email notice and a day or so later the funds showed up in my checking account.
ClearExchange recently became Zelle. For whatever strange reason, Zelle doesn't work with my bank. They want a debit card and say mine isn't compatible. My bank says there's nothing unusual about the cards they use. Zelle won't transfer to a routing number, which is how it was done before.

Anyway....we need a quick, easy, free or nearly free way to transfer funds.

PayPal charges big fees unless it's from PayPal account to PayPal account, and it would require multiple steps on her end and my end. It could take nearly a week to verify and transfer funds without fees.

What is a safe, fast, trustworthy app or service that will allow her to transfer funds from her checking account to my checking account?

MikeSimon · « **Reply #1 on:** January 13, 2018, 06:09:09 AM »

Doesn't Bank of America do direct wire transfers?

Scott S · « **Reply #2 on:** January 13, 2018, 06:47:04 AM »

I don't know. I've asked her to contact them directly and see if there's a way to do this. But she has to do that....i can't do it for her.

Someone suggested setting up a bill payment through BofA, but since I'm not a business they want to mail me a paper check. Or use Zelle...

Scott S · « **Reply #3 on:** January 13, 2018, 07:54:06 AM »

And Zelle isn't currently an option for me.

Tried to call the customer support number on my debit card and see if it's possible to get one that is compatible but they're closed for the weekend. Only lost or stolen card division is available right now.

J-Rod10 · « **Reply #4 on:** January 13, 2018, 08:34:22 AM »

Venmo.

carnivorous chicken · « **Reply #5 on:** January 13, 2018, 08:41:52 AM »

Quote from: J-Rod10 on January 13, 2018, 08:34:22 AM

Venmo.

Yep

Gordon · « **Reply #6 on:** January 13, 2018, 12:51:51 PM »

I still use checks for that. Our credit union app offers mobile deposit, so I sign the check, take a picture of it, and the money's in my account immediately.

BomberMann650 · « **Reply #7 on:** January 13, 2018, 11:18:10 PM »

If bank of uhhmurica wasn't notoriously anti-coinbase, I'd suggest cryptocurrency.
The gdax exchange will transfer bitcoin/ethereum without making the user pay the network fee.
with any luck, ya'll could sweep in a little profit too.

J-Rod10 · « **Reply #8 on:** January 14, 2018, 08:00:55 AM »

Quote from: BomberMann650 on January 13, 2018, 11:18:10 PM

If bank of uhhmurica wasn't notoriously anti-coinbase, I'd suggest cryptocurrency.
The gdax exchange will transfer bitcoin/ethereum without making the user pay the network fee.
with any luck, ya'll could sweep in a little profit too.

What happens though, if you deposit say $1,000 worth of ether, and before you can get to it to pay the bills, the value bombs? You just be hung out without the bill money?

crazypj · « **Reply #9 on:** January 14, 2018, 08:53:01 AM »

I've always found wire transfer about te most expensive way to move money around. From bank to bank in US it should be free but tere is always a 'catch' somewhere.I guess girlfriend earns too much to open a credit union account? Basically, go to BoA tell them you WILL close accounts if something can't be worked out., if there is over $50,000 in savings, investments, etc, they will figure out a no cost plan. If you need to send cash oversea's, the cheapest way is still a Paypal account

754 · « **Reply #10 on:** January 14, 2018, 02:31:40 PM »

My problem with PayPal has been putting it in, I have no credit card. So it takes a week or 7 business days.. enough to kill an eBay deal.
When I take it out, I think its 3 to 5 days... but for me it's usually here in 2 days, and I am in Canada. That at a credit union.

J-Rod10 · « **Reply #11 on:** January 14, 2018, 03:02:58 PM »

Quote from: 754 on January 14, 2018, 02:31:40 PM

My problem with PayPal has been putting it in, I have no credit card. So it takes a week or 7 business days.. enough to kill an eBay deal.
When I take it out, I think its 3 to 5 days... but for me it's usually here in 2 days, and I am in Canada. That at a credit union.

I have my bank account linked to my PayPal. If I transfer money out of PayPal to my bank at 4:00 Thursday, it's there at 7:00 Friday morning, and vice versa.

Duke McDukiedook · « **Reply #12 on:** January 14, 2018, 03:42:59 PM »

Quote from: crazypj on January 14, 2018, 08:53:01 AM

I've always found wire transfer about te most expensive way to move money around. From bank to bank in US it should be free but tere is always a 'catch' somewhere.I guess girlfriend earns too much to open a credit union account? Basically, go to BoA tell them you WILL close accounts if something can't be worked out., if there is over $50,000 in savings, investments, etc, they will figure out a no cost plan. If you need to send cash oversea's, the cheapest way is still a Paypal account

Yeah, screw BOA. We finally left them a few years ago to go with a local credit union. I never had a choice to start with since they bought out my bank way long ago.
Go with a good local credit union that will work with yours on these types of payments.

spotty · « **Reply #13 on:** January 14, 2018, 09:05:11 PM »

that's some weird #$%*, how hard do these #$%*ers want to make it.

I know the Australian banking system ain't perfect but here all we have to do is open the bank app on the phone, go to transfer/pay money, put in the BSB (bank ID number), the account number, hit pay and its done. between any bank or credit union, instant send.

and I don't think anyone in Australia has seen a paper cheque in about 10 years, I don't think its even an option with banks here anymore (or if it is they'll make you pay extra and it'll take 10 business days to clear....)

jgger · « **Reply #14 on:** January 14, 2018, 09:16:23 PM »

Just put the money in a sack and leave it on my front porch, I'll take care of it!

754 · « **Reply #15 on:** January 14, 2018, 11:22:16 PM »

Looks like you got to meet her for coffee on payday..

BomberMann650 · « **Reply #16 on:** January 15, 2018, 01:30:50 AM »

Quote from: J-Rod10 on January 14, 2018, 08:00:55 AM

Quote from: BomberMann650 on January 13, 2018, 11:18:10 PM
If bank of uhhmurica wasn't notoriously anti-coinbase, I'd suggest cryptocurrency.
The gdax exchange will transfer bitcoin/ethereum without making the user pay the network fee.
with any luck, ya'll could sweep in a little profit too.
What happens though, if you deposit say $1,000 worth of ether, and before you can get to it to pay the bills, the value bombs? You just be hung out without the bill money?

dips happen. bitcoin moves up and down a lot. like the tide.
ethereum and litecoin are a little less wild.
Just doing wallet transfers and cash outs, theres less risk of losing value. Only exchange and sending fees

demon78 · « **Reply #17 on:** January 15, 2018, 04:06:21 AM »

Jesus I just use Interac and it's done maybe an hour.
Bill the demon.

BobbyR · « **Reply #18 on:** January 15, 2018, 05:19:21 AM »

May I suggest you get a BOA account and get her to give you a debit card. You can simply take the cash out of the ATM there without any fee and walk over to the teller and deposit it. When you get middlemen in there you put yourself at risk.

crazypj · « **Reply #19 on:** January 15, 2018, 06:23:07 AM »

Quote from: jgger on January 14, 2018, 09:16:23 PM

Just put the money in a sack and leave it on my front porch, I'll take care of it!

Damn, wishI'd thought of that

News:

Author Topic: Transferring money...bank to bank (Read 1644 times)