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Can we send money to an individual (not a business) using Internet banking?
We can pay bills to any business via internet banking, Is there any reason not to use it to send money to a residence or college dorm room using internet banking? Do banks simply mail a check when the payee does not have an electronic banking relationship (like major corps. seem to have)? Seems like a convenient way to send $ if a person can wait the 5 days it ususally takes.
I have actually payed my own mother using my billpay feature on online banking. If the merchant (or individual in this case) doesn’t accept electronic payments, then the bank just cuts them a check and sticks it in the mail just like you would. I pay just about all of my bills this way. One added bonus (at least through my bank) is that there is no stop payment fee if you use bill pay whereas if I wrote the check and mailed it off it would cost me $32 to stop payment.
June 30th, 2009
with a credit card
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June 30th, 2009
Pay Pal should work
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June 30th, 2009
yep the details of an a/c # does not whether its 4 a firm o an individual
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June 30th, 2009
I would never send money via internet with all the thieve’s on the internet , and prisoner’s, i would just send a moneygram and feel safe about it as if lost all monie can be returned.
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June 30th, 2009
some banks might be different but I say you should be able too.
WHY not just use PAYPAL its always FREE. and safe , very safe.
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June 30th, 2009
Try pay-pal…
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June 30th, 2009
I have actually payed my own mother using my billpay feature on online banking. If the merchant (or individual in this case) doesn’t accept electronic payments, then the bank just cuts them a check and sticks it in the mail just like you would. I pay just about all of my bills this way. One added bonus (at least through my bank) is that there is no stop payment fee if you use bill pay whereas if I wrote the check and mailed it off it would cost me $32 to stop payment.
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June 30th, 2009
Yes you can, usually, as long as you have the bank sort code & account number it’s to go to. That’s where they’ll send it, to a bank account and not to an individuaI by post or whatever.
If the bank can’t do it, as you say, there’s no link with the payees bank, they’ll simply reject the payment & you’ll have to make it yourself.
That’s for the UK, by the way, if it’s relevant, I don’t know if it’s the same in $ land.
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June 30th, 2009
yes but its not wise to do so, too many people can get your details from your computer.
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