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To add another reason -- most Americans hear more about wiring money being used to defraud you out of your money than they hear about it being a useful financia
by stephengillie 13y ago
To add another reason -- most Americans hear more about wiring money being used to defraud you out of your money than they hear about it being a useful financial tool. I have never heard any bank (or credit union) employee even mention sending money to another bank. Most banks won't even let us put money into another person's account without several pieces of information about the other person, and that person's permission.
- hfsktr 13y agoMaybe because it's local (it's a credit union IDK how that is different from bank) but my bank lets me transfer my money to other accounts in their bank. Recently they even added that to their online services (it might have been there and I never noticed). Transferring from them to BoA or another institution likely wouldn't work but I have no expectation that it would (at least not without meeting in person etc).