How do you make deposits into internet bank accounts?
Tuesday, March 2nd, 2010 at
8:19 pm
Sophra asked:
I know that most of the time you will utilize direct deposit to put money in these accounts, but is this the only way? What do you do if you have an old-fashioned paper check?
I know that most of the time you will utilize direct deposit to put money in these accounts, but is this the only way? What do you do if you have an old-fashioned paper check?
Tagged with: Direct Deposit • Money • Paper Check
Filed under: Online Banking
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#1. Mail a paper check.
#2. ACH (automatic clearing house)
#3. Wire the money
ACH is the same thing as wiring the money, but it takes about 3 business days and is free.
ING and HSBC online checking account do accept paper checks through the mail. Just mail the check to them and they will post it to you account. The reality though is, we are still relying on traditional banks that you may need a regular bank account, then link this account to your online checking. This way you can cash the check into your regular account then transfer it automatically.
You link your on-line bank with a local bank near where you live. You deposit your money in your local bank then transfer it to your on-line bank via Internet or Toll Free telephone number.