Using Business
Using Business
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.
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BBC business English 2
Using Business