Bank Online Banking

Or is money wired to the payee from my bank? Doesn't online banking cost the bank money? How come banks don't charge for this service. I'm not naive I know they pass on the cost to me but how?

Online banking is a bigger term than simply online bill pay. There are several ways your bank can pay your payee - one is that they simply mail a check. The other, if they do a lot of business with the payee, is to simply make an electronic payment (ACH) to your payee - usually places like your electric company. Another way, if the payee banks at the same bank, is to simply deposit money to the payee's account at the bank.

Any of these cost the bank no more than if you had written a paper check or had initiated an ACH/wire transfer and in some cases, costs them less.

Some banks offer these services for free, others don't. One of my banks charges me about $0.65 to send a check from the bank but doesn't charge me to electronically pay someone. Another of my banks charges nothing to send a check but they don't like doing an ACH so they charge me for that.

In the long run, nothing at a bank is free - it will be paid for somehow. Usually with banking fees.

2007-10-31 12:06:12 by HSB

No lines, no hassle, no stress—WebsterOnline brings banking conveniently to your fingertips. Just log on and you've got easy, secure access ...

What is the ACCOUNT TYPE to be selected to register in online banking in ICICI bank for the other bank credit card payment ? What is to be selected like Saving Account/Current Account/Cash Credit/Loan Account.

You selet the type of account YOU have with ICICI. You CAN'T register in their online banking if you don't have an ICICI account. it makes no difference what accounts you have anywhere else.

2009-08-05 04:55:13 by inniyan2006

Price: $195.00 $195.00

I bank at a small bank in a town of just over 200. It is just the one location and they don't yet have online banking.
They've have debit cards for about 5 years now.

I can understand your bank situation. purchase the banking online software may cost the bank a fortune , so they may let the people just coming pay bill by checks.

2009-11-07 21:27:46 by dusgfmo

Price: $195.00 $195.00

My friend has a bank account with HSBC and needs to transfer some money over to my Natwest bank account. How long would it take to clear? I think they're doing it tomorrow via online banking system, would I get the money by the weekend do you think? I have done bank transfers before between 2 Natwest accounts and the monies showed up more or less straight away. I was just wondering if it were different when it's from one bank to another named bank? Thanks

My experience when doing external transfers from one bank to another bank online is that it took about 3 business days for everything to clear. I would hope it would be faster than that when you are dealing with an online only bank such as HSBC, but its hard to say

2009-01-21 14:48:17 by xangelcakex

I'm looking for a bank in the Bay Area where I can do my banking online. Has anyone had a particularly good experience with any of the local banks?

I use Wells Fargo and I like it - online bill paying is a lot more convenient than rummaging around for stamps every month. And it's easy to find out online what my current balance is.

2006-09-21 09:02:43 by Taylor