Thursday, August 19, 2010

Can I use the online "Bill Pay" feature of my bank to transfer money to an account I have at a different bank?

I have two checking accounts with different banks. I understand that I can transfer money from Bank A to Bank B by writing a check to myself from Bank A and depositing it into Bank B.





The question I have is, can I have that check from Bank A sent to Bank B via "Bill Pay" and expect Bank B to deposit it for me? I would address the check to myself yet have it sent to the Bank B address.





This would be nice if it worked (yeah, I know I'm lazy); however, I can think of a few reasons why Bank B wouldn't be willing or able to deposit the check for me.





Anyone know for certain whether this is possible?

Can I use the online "Bill Pay" feature of my bank to transfer money to an account I have at a different bank?
It should work fine. Just be sure that the account number to be credited is on the payment order.
Reply:Just send a check from your bill pay.
Reply:I do it. You just have to enter the other checking account as one of the "creditors" you want to pay.


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