*help* bank transfer!!
Thread DetailsLast Edited by iBoo March 8, 2014 at 06:23 PM
I have a relative who wants to send money to my bank account. I don't know whether its an ACH, EFT, or a wire transfer.
I decided to use Discover bank to receive funds from my relative. All they requested from me was my account # and routing # found on my Discover bank check. What I don't know is whether or not they initiated a wire, ACH, or EFT transfer. As for using my Discover bank, they use a 3rd party bank(MELLON BANK) to do their wire transfers and I would have to provide them with an account #, routing #, and swift code if the sender is not from the US.
If its not a wire transfer, then what type of transfer can be done? What kind of transfer that lets you transfer money to someones bank account without the need of a verification deposit?
I feel that the transfer (if its a wire transfer) will NOT go through my Discover bank ( if its a wire transfer ).