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  1. #1
    Join Date
    May 2005
    Posts
    98

    Bank transfer, any ideas on this?

    OK, so I setup to accept credit cards because my business needs it which it fine and works well. Now, I have a few friends that want to use it too but the thing it all the money gets deposited into my checking account. Does anyone know of a way(or a new bank) that I can transfer funds out to another bank account easily(free)? Thanks.

  2. #2
    Join Date
    Apr 2005
    Posts
    35
    Talk to your bank about an ACH Account.

  3. #3
    Join Date
    Jul 2003
    Location
    rowland hts, california
    Posts
    791
    In my Bank of America account, via online banking, there is a feature where I can transfer funds to any other BofA customer, or to outside accounts (outside BofA) and I can do it all via the online banking at bankofamerica.com
    josh

  4. #4
    Can't you just use the payment option within your online banking area? I bank with barclays and can send payments to people with all other banks for free. All you need is a sort code and account number. It takes 3-5 working days though.

    Matt

  5. #5
    Join Date
    Apr 2005
    Posts
    35
    These are all built in ACH accounts. If your online bank doesn't already have it, you should contact them, and they'll set you up.

  6. #6
    Join Date
    Jul 2003
    Location
    Castle Pines, CO
    Posts
    7,189
    If they all have the same bank - see what the online banking features are. We all use B of A here and they make it easy to transfer money back and forth between accounts

  7. #7
    Join Date
    May 2005
    Posts
    98
    All different banks so I could be any banks. Is this the same as a wire transfer? Anyone know a bank that can automate it, like using an API or something...that would be ideal.

  8. #8
    Join Date
    Apr 2005
    Posts
    35
    An ACH Account is basically an API system to transfer funds between banks. Do research on it!

  9. #9
    Join Date
    Nov 2002
    Posts
    4,376
    What country are you in?
    Its easy to transfer money between Canadian banks with Interac Online.

  10. #10
    Join Date
    May 2005
    Posts
    98
    Im in the US

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