Sending money online using my bank account?I started out thinking this would be an easy process, but it’s sure not! I have an online checking account, (MetaBank / AccountNow) that I use to pay bills, etc. Now I need to send money for a purchase, ($6500). I do not have a Debit or Credit card associated with this account. I need to send the money by... | |
Looks like wiring is the only option you have.
Ask the recipient to get the information about how his/her account can be wired to. Typically he/she should ask a representative of his/her financial institute to be sure.
After you get this info, give your bank the info. and authorize them to wire $6500. There typically is a fee for you.
Here is the example from etrade.com. (The receiving account is with Etrade, the recipient should give you something like this)
To wire money to your E*TRADE Bank account:
1. Contact your other financial institution and ask them to wire funds to your E*TRADE Bank account, or print out and complete our incoming wire form.
2. Provide your other financial institution with:
* The amount you want to wire
* The receiving institution information:
E*TRADE Bank
P.O. Box 1542
Merrifield, VA 22116-1542
ABA transit routing number 256072691
* Account number (if a new account, use your social security number instead)
* Social security number of the primary account holder
* The name, address, and phone number of the primary account holder
* Account type and term (one-year CD, money market, etc.)
You can either...
Get the money order (from the post office) or a cashier's check (from your bank)
Or just wire the recipient the money.
You should check with the recipient which payment would be acceptable or preferred.
