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#387322 - 03/19/08 02:25 AM Electronic funds transfer
Dingo983 Offline

Registered: 10/02/07
Posts: 5
Loc: Arizona
Our school has students asking for eft. Anyone know which companies to go with?

#387323 - 03/19/08 03:13 PM Re: Electronic funds transfer [Re: Dingo983]
SNieves Offline

Registered: 12/13/07
Posts: 76
(deleted) sorry, none of my business...


Edited by SNieves (03/19/08 03:21 PM)

#387324 - 03/19/08 03:19 PM Re: Electronic funds transfer [Re: Dingo983]
MattJ Offline
Free Rhinoplasty!

Registered: 11/25/04
Posts: 15634
Loc: York PA. USA
Some banks now offer EFT services. Call around and compare.
"In case you ever wondered what it's like to be knocked out, it's like waking up from a nightmare only to discover it wasn't a dream." -Forrest Griffin

#387325 - 03/20/08 12:01 PM Re: Electronic funds transfer [Re: MattJ]
cxt Offline
Professional Poster

Registered: 09/11/03
Posts: 5843
Loc: USA

Be really the fine print..ALL the fine print.

Personally I would not want anyone to have that kind of access to my accounts.

A buddy of mine went so far as to set up a seperate account for his gym etc memberships that require EFT.

Such automatic payments are not just a matter of trust with teacher...but trust in whomever might be running the BUSINESS and whom might have access to the information.
If the business is selling the paper (contract) for 50 cents on the dollar to a 3td party then its a credit agency that is actually collecting your money.
Who knows if they are legit or whom might have access to your hard earned cash.

If the students are asking, I'd see what I could do about turning this into a business opportunity---something could probably be set up with local bank that could be good for you both.

Edited by cxt (03/20/08 12:02 PM)
I did battle with ignorance today.......and ignorance won. Huey.

#387326 - 03/20/08 01:18 PM Re: Electronic funds transfer [Re: cxt]
Dingo983 Offline

Registered: 10/02/07
Posts: 5
Loc: Arizona
Thanks for the input. We will probably stick to a major bank to handle this


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