Don’t they support email money transfers in the US?
I go to my bank website, set up an email money transfer and the bank emails her a link. She inputs the password which I provide to her separately and the money is instantly in her account. No fees (well, included in my monthly fee)
No the US really does not have a good common way to cheaply transmit money between individuals.
My wife gives her parents money every month. She has it setup though automatic bill pay. Similarly to how people pay their credit cards and other bills online. I don’t know if it was a hassle to set it up or not.
Nope. Well…not really. Her 12-year-old, 220,000 mile car went tits-up last weekend. She was able to borrow a car for a week, but that’s about as long as she can realistically do that, plus she’s found the car she wants, for the price she wants, and after this weekend her travel schedule gets really hairy. So, there’s a lot of stuff all coming to a head at once.
Well, as long as we’re naming names, Mr. Horseshoe and I bank with Wells Fargo, and even before we were married it was no big whoop to set it up to transfer money between our respective accounts (which we’d had since before we were even dating) for free.
Not that this really helps the OP, I suppose, but in case someone else out there is lurking and reading along for similar suggestions… ** waves to the lurkers **
Ditto this. My roommate used to pay her rent to me this way and, when it came time for it, I returned her deposit the same way. Online, instant, no fees.
Just a note, most banks won’t allow a client to cash a check for more than they have in their account, in case the check is no good. So she would not likely be able to cash her dad’s check and re-deposit. Now, depending on the bank or the relationship she has with her bank, she may be able to get a manager to override this. Also, depending upon the relationship, many banks will allow her to use a special next-day deposit ticket so the funds are credited next business day.
Well, if dad has an account at the exact same bank, the teller can pop into dad’s account, see if the funds are available, and then cash it. That’s no different than the following example: my dad writes me a check off of his account at Wells Fargo, but I bank elsewhere. So, I go to Wells Fargo, show them my ID, give them a thumb print and $5, and they’ll cash the check for me. Why? Because they can instantly see whether the check is good or not.