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Wire transfers

Leros

Leros

Lifer
I'm trying to figure out how to pay my landlord using my Chase checking account. I just want to deposit money directly into his account at another bank. I tried to doing what Chase calls online bill pay, but chase just mailed him a check. I have his checking account number and routing number, so this should be easy enough.

Is a wire transfer what I want? For some reason, I have it in my head that a wire transfer requires the recipient to actively do something.
 
the fee is probably $5 or $10 for a wire transfer, he would have to get the pertinent info from his bank and then give it to you. you take the info (codes/address/etc) to your bank and they have you fill out a form and then they call people and stuff
and after 15-30 minutes or so , it would be in his account

i don't think this is how you want to pay your rent
it is usually used for larger sums where you don't want to wait the days for a check to clear

go with paypal, that is really quick and easy and stuff
 
You can wire but there may be a charge to send and a seperate charge for him to receive it.

If his account is at chase I think you can do what they call a person to person quickpay.

EDIT looks like quickpay will work regardless of where his account is
 
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You're looking for something called ach transfer. Not all banks have it. Is there a reason he can't just deposit the check?
 
Leros said:
I'm trying to figure out how to pay my landlord using my Chase checking account. I just want to deposit money directly into his account at another bank. I tried to doing what Chase calls online bill pay, but chase just mailed him a check. I have his checking account number and routing number, so this should be easy enough.

Is a wire transfer what I want? For some reason, I have it in my head that a wire transfer requires the recipient to actively do something.
Click to expand...
Kind of crazy though, isn't it?

"I have a number in a computer at one location. I need to subtract $X from this number and add that same amount to a number in a computer that's located in a different building, using an existing electronic infrastructure which does this very same sort of thing on a regular basis."

Nope, it's cheaper to buy a bunch of special papers, which were printed out at a dedicated facility, write the $X quantity on it, then have that piece of paper hand-delivered to the other person via a system of elaborate equipment and fossil-fuel-powered vehicles.

Mail's here for Rube Goldberg.
🙂
 
Ask if he'll do Paypal, he can setup a subscription and you just have to sign up to it. That way it's automatic.

Though how do companies auto withdraw? (like hydro, gas, apt complexes etc) I'm sure he could setup something similar?
 
I thought I had some way to easily transfer money like this. He said his previous tenant had Chase and set it up, but he doesn't know exactly how they did it.
 
Leros said:
I thought I had some way to easily transfer money like this. He said his previous tenant had Chase and set it up, but he doesn't know exactly how they did it.
Click to expand...

I was able to set it up at one point with chase to do an automatic withdraw and send it to a saving account I had with a different bank. Several years ago it was free to do this, but now there is at least a $3 charge to do it. You may have to go to the bank to set it up.

As mentioned above, it's called an ACH withdraw.
 
As somebody who has done business with paypal in the past I would recommend that you never entrust them with something as critical to your well beings as a rent payment.
 
deadlyapp said:
I was able to set it up at one point with chase to do an automatic withdraw and send it to a saving account I had with a different bank. Several years ago it was free to do this, but now there is at least a $3 charge to do it. You may have to go to the bank to set it up.

As mentioned above, it's called an ACH withdraw.
Click to expand...

I can do that with external accounts I own. They'll do a small $1-3 charge to verify its my account.

I found out that Chase has something called QuickPay. Apparently they send an email to the other person, they create an account and enter their checking information.
 
Does your landlord insist you put it in his checking account? I don't see why you should have to put so much effort into paying someone. You're agreeing to pay $X, the landlord getting it in the mail by check should be find.
 
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