Paying bills online

Terry Howard said:If you’re sending money to someone at a different bank, don't expect that cash to hit their account instantly.
Plus, it really comes down to how fast the receiving company actually processes their incoming transfers—whether they're doing it in real time or just waiting until the next business day to check their statement.

placidmaker6 said:If you hit "send" before about 3:00 PM on a weekday, the funds should clear the other bank that same day. Otherwise? You're waiting until the next business day.
Anything sent after 3:00 PM on a Friday won't land until Monday.
Online banking is just a digital bridge between you and your bank—it doesn't magically speed up the actual clearing process.

Thanks, everyone. Everything is squared away now. I was just panicking over nothing.

I have a few more questions, and while this applies to standard checks or paper transfers too, I couldn't find a specific thread, so I'll just ask here since it's basically the same thing.

How does transferring money to an individual work?
I carefully write out the first and last name, address, and account number of the person I'm paying, but what am I supposed to put in the memo line or the payment reference fields? 😕

Also, if I want to send money anonymously, how does that even happen?

Is there any actual difference when paying into a checking versus a savings account?

When you're filling out the transfer info, just put down whatever you guys agreed on—or if you don't really care, just stick it in the Model 99 field and leave the rest blank. You don't even need a payment code for now.
From what I’ve gathered, anonymous transfers aren't actually allowed.
The real kicker is that transaction reports from your CNN account go straight to the IRS, whereas the ones from your checking account haven't been flagged yet.

Thanks, Johnny!

Back again with more questions. 🤦

If people are making deposits into a checking account, shouldn't they also include that bank routing number with the dashes?

Yep

Thanks! 😁

This is my very first time listing a house on Craigslist, and I’m feeling a bit lost regarding the logistics. How exactly should I handle the payment process for the $16 fees, and who is the right person to contact or where should I direct the funds?

Alex Cruz7 said:This is my very first time listing a house on Craigslist, and I’m feeling a bit lost regarding the logistics. How exactly should I handle the payment process for the $16 fees, and who is the right person to contact or where should I direct the funds?

Maybe try looking it up on www.craigslist.org? 😬

http://www.craigslist.org/index.php?ctl...payment_methods

I don't know what you expect me to do with just a username, but if you're looking for a fight, you've certainly come to the right place. Are we actually going to start talking, or are you just going to sit there staring at the screen? kaže:
So, I’m listing my house on Craigslist for the first time, and honestly, how am I even supposed to handle the payment part? $16 Who am I supposed to talk to about this, and where exactly am I meant to send it?

It’s just like posting a standard classified ad; you fill out all the details, then you hit that part where it asks for your payment method—whether you want to use a credit card or an ACH transfer. You make your selection, plug in your info, and the rest is easy. After you wait about 24 hours, your ad finally goes live. 😉

I have a few questions regarding whether this works with JPMorgan Chase.

http://www.youtube.com/watch?v=noodC...layer_embedded

JPMorgan Chase already offers their own digital account service, so I suppose I wonder if this is just their specific version of the same thing. Furthermore, would one actually be able to cover all types of expenses through it—utilities, phone bills, internet, water, heating... regardless of where you happen to live in the States?

Since we’re already on the subject of banking, I wonder if anyone could perhaps clarify the actual distinction between a checking account and a savings account?

From what I can tell, Intuit is an independent outfit with no ties to any specific bank. How everything actually works will depend on which banks and companies decide to plug into their system. Honestly, I’m struggling to see the upside here—it seems like it might just be more complicated than setting up a standard recurring payment 🙄
A checking account is usually meant for businesses or freelancers with steady income, rather than someone just collecting a paycheck.

rapidskipper11 said:Since we’re already on the subject of banking, I wonder if anyone could perhaps clarify the actual distinction between a checking account and a savings account?

Well, a checking account is essentially that primary account where you receive your regular income—things like your monthly paycheck, Social Security benefits, or even tax-exempt disbursements. To open one at an American bank, you really only need to present a driver's license or a passport. Now, according to the specific policies of any given bank, they typically charge some sort of monthly maintenance fee for managing the account, though most will also grant you an overdraft protection limit, if that's what you need.

A business account, on the other hand, is what a bank opens for individuals generating income through freelance work or side hustles. These accounts can be opened by anyone earning revenue via a small business, a sole proprietorship, farming, forestry, or various other independent ventures, provided everything is handled in accordance with the Internal Revenue Code.

Some banks won't even charge you a monthly maintenance fee if your account stays totally stagnant

rapidskipper11 said:I have a few questions regarding whether this works with JPMorgan Chase.

http://www.youtube.com/watch?v=noodC...layer_embedded

JPMorgan Chase already offers their own digital account service, so I suppose I wonder if this is just their specific version of the same thing. Furthermore, would one actually be able to cover all types of expenses through it—utilities, phone bills, internet, water, heating... regardless of where you happen to live in the States?

You can only pay for services that have a contract with your specific bank. Bank of America only works with Verizon, while JPMorgan Chase handles ZAG Holding and maybe a few other things.

You can pay for just about anything through JPMorgan Chase, they just hit you with a fee for everything else 🙂

Paul Jackson61 said:You can pay for just about anything through JPMorgan Chase, they just hit you with a fee for everything else 🙂

Are you referring to using JPMorgan Chase's online banking portal, or are you talking about manually entering bill details into individual transfers?

Just make a template for every single monthly bill you have. Then, all you gotta do is swap out the stuff that actually changes—like the total amount or the specific reference number at the bottom.
Once you pull up a saved template, the payment slip is basically already filled out for you. I’ve been paying my utilities like this for at least 7 or 8 years now, and honestly, I've never run into a single issue.