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Surely you can do internet banking transfer to the recipient's bank? In New Zealand, we didn't used to have many credit cards so that's how you'd pay your bills
by lopmotr 9y ago
Surely you can do internet banking transfer to the recipient's bank? In New Zealand, we didn't used to have many credit cards so that's how you'd pay your bills, buy a house, pay small businesses, or just about anything that can wait a day.
- astura 9y ago>Surely you can do internet banking transfer to the recipient's bank? No, there isn't really a "standard" to do this. As far as bills go, each company has their own billpay system. Small businesses pretty much all take credit or debit cards now. If they don't you pay by check. I pay my property taxes with a check because if you do an electronic payment with their system they want you to pay like a $3 fee. Buying a house requires you to get a cashier's check. You can do "billpay" online with your bank, but if their systems aren't "hooked up" to the other party's systems the bank will mail a physical check to the other party. None of it is instant or even fast.