The Mystery Of Electronic Transfers
October 8, 2011 6:48 PM Subscribe
Can you electronically transfer money from one US bank account to another?
posted by dave99 to Work & Money (25 answers total) 3 users marked this as a favorite
made me wonder, in the US can you electronically send a payment to any given bank and account number?
Here in Australia, you can send anyone you like a sum of money, using their bank number and account number, directly from online banking. It doesn't have to be the same bank. They can see the funds the next day. I understand most Western countries have a similar service.
Is this service not generally offered in the US? If not, what are the factors behind this? If so, why don't people use it to pay their rent?