For sure - EFT's should not be charged wire fees, afaik EFT is diff than a wire and, in fact, a EFT saves the bank costs. Rich Edbride-PR wrote: > 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.)... -- Rich Roth CEO On-the-net Bringing you complex online systems since the net was young http://www.tnrglobal.com - http://www.on-the-net.com/rr/