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Originally Posted by Incognitas
As for online banking yes I can pay my bills but I already have everything set up with DD's and I use either cheques or card for everything else.I've only ever set up one DD in three years online.Ok if I want to transfer money between accounts at the same bank it's ok.However it is quicker to go and take the cash from one account and pay it in over the counter into the other account.No delays that way.
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Online banking is very good for cancelling Direct Debits, though. You used to have to go into a branch and fill in a form that would then be applied to your account the next day or write a letter to your bank. With online banking, you can view the DD and just press the cancel button. You can then see that it has immediately been removed from your account. The same goes with standing orders where you can also change the amount to be paid, date or frequency online.
Transferring money online between accounts within the same bank or building society is instantaneous so taking the cash from one account and paying it in over the counter into the other account should not be quicker.