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Author Topic: U.S. Checking Account comparison  (Read 1286 times)
Stephen Gornick
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May 03, 2011, 10:28:44 PM

from a Pew report titled "Hidden Risks"
The Case for Safe and Transparent Checking Accounts

I was hoping to build a list of which banks allow intra-bank (person-to-person, or P2P) transfers.  P2P transfers referes to electronically transfering funds between two accounts with different ownership.

Some banks incorrectly call this an account-to-account (A2A) transfer but A2A is a term reserved for where both accounts are owned by the same person(s).

The benefit of P2P is that the full amount of funds transferred are available immediately, in most instances.

Of course, if your bank supports CashEdge's PopMoney, you have the ability to send an ACH to any other U.S. bank account, though the funds are not available to the recipient for immediately (the ACH transaction must complete first.)

These P2P transactions would seem to be non-reversible transactions, however there may be exceptions.

So far I have:

  - BofA:
  -   Online: No Charge

  - ING:
  -   Online: No Charge  
  -   Mobile (Bump / in person): No Charge

  - Chase:
  -   Online: No Charge

  - ING:
  -  Online: No Charge

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Sr. Member
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May 04, 2011, 09:29:58 PM

Anyone any good with photoshop?!

You should add "BTC Client" to that chart!
Garrett Burgwardt
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May 04, 2011, 10:19:57 PM

I'm a fan of my ally bank account, though it doesn't support Popmoney.
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May 05, 2011, 11:59:06 AM

Are you talking about something like FiSync? This is quite interesting since it makes transfers instant between accounts even at different banks. Ultimately it should replace ACH, which was designed for clearing (paper) checks and got electronic transfers tacked on top of it.

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