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All the information I've found on ACH transfers for individuals apply to the scenario in which the individual makes payments to an institution of some kind (usually a business).

But are ACH transfers between indviduals possible? (Or, more precisely, are ACH transfer possible between two bank accounts, both of which are owned by individuals?)

  • In what kind of institution is the source money located? brokerage? bank? under your mattress? – Jack Swayze Sr Nov 15 '15 at 22:39
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Yes, many banks offer such a service. Often such payments can be made through their "bill pay" interface. You log in to your account on the bank's website, enter the recipient's routing and account numbers, and off you go.

You could ask your bank whether they offer this. If not, you could change banks to one that does.

  • The last (and only) time someone sent me an "online bill pay", their bank mailed me a check. – Michael Hampton Nov 16 '15 at 2:57
  • @MichaelHampton: A mailed check is a separate option (though at some banks it is the only option). With my bank, I can specify a payee either with an account/routing number (in which case they get an ACH deposit) or a street address (in which case they get a check in the mail). – Nate Eldredge Nov 16 '15 at 3:02

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