electronic transfer between 2 different banks

Does your bank(s) not offer on-line banking ? If so, you just add account #2 as a recipient by adding account number and sort code then make payment once you've logged in.

Still doesn't stop the bank holding on to the money for 3 days though.

Yeah - I was hoping to make it the same day, but the online bill pay way may be all I can do. Unless there is some other way I'm missing...

"Pet -

Check with the 2 banks involved. It may be worth a trip to the bank and discuss your options with a branch manager.

Many banks now offer bank transfers that can be scheduled online. There are fees and dollar restrictions so the bill pay may actually be cheaper. Some bill payments are same day. It all depends on the receiving end.

"Randy Starkey" wrote in message news: snipped-for-privacy@corp.supernews.com...

They can do it if it suits them. I have a customer who maintains a large checking account balance.

Bank approached him with the following plan: At 6:00p.m. they would transfer his balance to a interest-bearing account; at 6:00a.m. they would transfer the balance back to his checking account. He would earn half the usual interest rate for short-term savings. The bank made money two ways:

1. They lowered their overnight demand for inter-bank loans to meet the fed requirement.
2. They got the money interest-free on the week-ends (kinda like "0" and "00" on a roulette wheel).

Still, my customer made some money on otherwise idle funds.

Anyway, banks can do it if properly incentivized.

Isn't that how Sweep accounts work?

Right. Sweeps work that way, but I'm in 2 different banks. I'll try the arm twisting suggestions . Or maybe I can somehow get billpay to one day.