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Showing posts from October, 2014

Sock it to the banks: transfer money smartly!

Modern times call for crafty experimentation and careful observations to avoid getting ripped off at every turn by some "service provider" seeking to collect fees from their "renters."  Guided by personal experience and altruistic desires, I would like to share some simple hints for transferring money between bank accounts quickly and efficiently without incurring fees.

Use your bank's mobile app
Many banks offer applications for your mobile device that can facilitate bank transfers by easily scanning and quickly depositing checks.  My experiences with several institutions show that while some banks are hesitant to give you the full amount immediately when a check deposit is made in person or ATM, checks for hundreds or even thousands of dollars clear completely and instantly when using a bank's mobile app.  The only potential fee with this method is that you need to have checks from all your banks so you can transfer money between each bank as needed -- some…