> Quite ridiculously, it is NOT possible to go online and move money
> from your bank account, at a given bank, to a friend's bank account
> (I mean at the same bank).

CompuBank. (and about 1/2 dozen others)

> If that was possible, the problem would be solved --- some exchange
> provider would just have an account at a large bank (Chase or
> whatever) and you could instantly send him money.
>
> Of course, that will never happen.

Well, that's how we did things here at GoldDirectory.com for most of last
year using checking accounts at X.com. They DID close down, but others are
coming to take their place; it's only a matter of time.

There's really no problem with a bank allowing it's customers to send money
to another customer's account, just as there is no problem with a bank
allowing a customer to withdraw cash -- as long as the money has been
cleared.

Craig



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