[Hidden-tech] Direct deposit for entrepreneurs

[Edbride-PR]

They must be different, because I have a client who pays me by EFT and my 
bank charges a wire transfer fee. Maybe I need a different bank....

Ed
----- Original Message ----- 
From: "Marcia Yudkin" <yudkinyudkin at yahoo.com>
To: <hidden-discuss at lists.hidden-tech.net>
Sent: Friday, February 27, 2009 10:07 AM
Subject: Re: [Hidden-tech] Direct deposit for entrepreneurs
>
> Steve,
>
> Thanks - now a stupid question.  Is a "direct deposit" the same as an 
> electronic transfer of funds?  How do you arrange that direct deposit, and 
> is it automated (i.e., set up so it occurs without your intervention) or 
> do you just take care of it once a month?
>
> I'm a long-time customer of Florence Savings Bank but I keep my business 
> account in another bank.  (Why?  Because I once totally messed up all my 
> finances by making a deposit into the wrong account.  If the accounts are 
> at separate banks I cannot make that mistake.)  If all it takes to get the 
> higher interest is one electronic funds transfer from another bank, that's 
> easy to arrange.  (I think.)...