Whats the cheapest way to send money online?
Some banks have free email money transfers. ING is one of them. Have you and your roommates sign up for an ING Electric Orange checking account. From their website: Send money securely for free with Electric Checks. With Electric Orange, you can send money to an individuals’ bank account with Electric Checks for free. Simply enter the person’s information, the details of the payment, and an email will be sent to the recipient. The person can click on the link within the email to go to a secure page to enter their account information and the money is transferred! Basically, you add a person’s account info, put in the amount, and the money is transferred electronically between accounts as described above. I’ve only sent ING to ING; those transfers are immediate. ING to another bank takes 2-3 business days.
