Xref: utzoo comp.sys.ibm.pc.misc:6885 comp.binaries.ibm.pc.d:12650 Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!uunet!dev8n.mdcbbs.com!campbell From: campbell@dev8n.mdcbbs.com (Tim Campbell) Newsgroups: comp.sys.ibm.pc.misc,comp.binaries.ibm.pc.d Subject: Re: Electronic Funds Transfer via PC Message-ID: <1991Feb25.113115.1@dev8n.mdcbbs.com> Date: 25 Feb 91 11:31:15 GMT References: <1991Feb18.171359.1337@unhd.unh.edu> <1991Feb19.150453.1@dev8n.mdcbbs.com>,<1991Feb20.191741.18860@world.std.com> Distribution: comp Organization: McDonnell Douglas M&E, Cypress CA Lines: 47 Nntp-Posting-Host: dev8n Nntp-Posting-User: campbell In article , jc58+@andrew.cmu.edu (Johnny J. Chin) writes: > Since there is so much talk about EFT ... does anyone know of a way to have > EFT for a company checking account? Also, a company that I know wants to be > able to do EFTs *FROM* customer's checking and/or credit card accounts to > collect monthly dues; is this possible? If any of this is possible, how and > how much will it cost? > Checkfree also offers business service in addition to the private service. Call 800-882-5280 for Checkfree's telemarketing dept. Regarding your other question... I'ver heard of this being done before, you can ask Checkfree about it because they do it for Compuserve (they collect compuserve monthly dues like this - they also handle a lot of the ATM machines for banks - I know that if I pay bill by deposit into an ATM it's handled by Checkfree - at least my bank uses them. - they seem to be pretty big) > On the personal side ... does anyone know how CheckFree compare to Citibank's > Direct Access service? My parents currently use Citibank and seems to be > pretty happy with it. The only catch was that you must be a Citibank customer. > I believe Citibank charges $15 per month and there is no limit to the number > of checks that you can write from your checking account. However, there is NO > interface (that I know of) to Managing Your Money or Quicken. I thinking of > using EFT myself ... any comments on which I should use? > I looked at the same option. Citibank was the first service I heard about - several years back. But I'm amazed that Citibank can stay in business (good marketing I guess - I hear their service is just the pits - and they certainly have the most outrageous rates for everything. (I have yet to find a bank that has a higher cost for service charges, etc. interest rates due on credit cards - than Citibank). What I DO like about checkfree is that you can keep your own bank account. Just send them a canceled check or a deposit slip and they'll figure out how to draw money from you account on the interbank system (you obviously file some forms to authorize this). > Any and all comments and suggestions greatly appreciated. -- Hope the info is useful. -Tim --------------------------------------------------------------------------- In real life: Tim Campbell - Electronic Data Systems Corp. Usenet: campbell@dev8.mdcbbs.com @ McDonnell Douglas M&E - Cypress, CA also: tcampbel@einstein.eds.com @ EDS - Troy, MI CompuServe: 71631,654 Prodigy: MPTX77A P.S. If anyone asks, just remember, you never saw any of this -- in fact, I wasn't even here.