I just tried transferring some funds from one westpac account to another
account using my online 'pay others' feature. This payment cleared right
away.
David Hillary
Michael Moore wrote:
>
> I have three bank accounts in OZ, two of them businesss accounts.
>
> I can online spend from two of them to anywhere in the world and I am aware
> that most of the oz banks will do online spends, some in real time some with
> a delay but they DO do it.
>
> Any delay is a 24 hour thing usually depending on when the transfer is done.
> (if you do it in the arvo or evening then it will not be completed the next
> day but the day after for some banks)
>
> Some specific answers below...
>
> > Marvellous! It sounds like many Aussie banks have a "spend" feature.
>
> Yes...they do.
>
> > That being the case, surely the question is answered --- there can be
> > no better way, I can think of (can anyone think of a theoretically
> > better way?) to pay a exchange provider, in Australia, than by such
> > "spend"
>
> this is why Auzzie MMs are so good!! :) Right Graham, Steve?
>
> > (item) if you're using e-gold, you are web-savvy and have a web
> > browser, so you can use the web system to do a "spend" from your ANZ
> > account to the MM's ANZ account
>
> or the MMs citibank account, or HSBC accont or Advantage account...and so
> on... and so on...
> >
> > (item) it would not seem onerous for an Aussie xchange provider to
> > have three or four bank accounts at the major banks.
>
> I have three. no guessing what the other two Auzzie MMs have.
>
> > >> >
> > >You need to get down to the local ANZ Bank. They have a "pay anyone"
> > >feature on their online account interface. You can initiate an inter
> > >bank transfer to any account in any other Australian bank online, and
> > >it happens in "almost real time. Inter bank clearances happen at
> > >midnight, so any transfer I do today will be cleared at midnight
> > >tonight. The limit is currently $5000.
>
> Citibank have no limit that I have been able to discern
>
> > At 1:38 PM +1100 2/4/01, David Hillary wrote:
> > >westpac in oz can provide for spends from one account to another online,
> > >however it takes time to clear.
>
> about 24 hours roughly.
>
> Kind regards,
>
> Michael Moore
> [EMAIL PROTECTED]
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