Attack of the "Check Stashers": Protect Yourself Convenient Transfers

posted 2/14/2013 in General

We have all been in this situation: you pay someone with a personal check for some reason or another, and then you play the waiting game. Will they cash the check tomorrow, this week, next week, this month? The "check stashers" can cause you a financial headache because you never really quite know exactly when that money will be taken out of your account. However, Lincoln Savings Bank's Online Banking program has an answer: person-to-person (P2P) payments.
Online Banking from LSB allows you to make P2P and bank-to-bank transfers easily and without the exhausting period waiting for the person you paid to cash the check. Instead of writing a physical check, you will login to your Online Banking account. From there, if you have the other person's email address, you can quickly and easily set up a payment to them. No waiting, no anxiety, no hair pulling!
Not only can you make easy person-to-person payments through LSB's Online Banking, but you can also move funds between your accounts at various financial institutions. Now you can easily transfer money to and from your LSB account between accounts at other banks or credit unions.
Besides making your financial life easier, there is another great benefit to these transfers: they are free. That's right, free! While most other banks offer these services to their customers for a fee, Lincoln Savings Bank provides these services free because we want our customers to have convenient tools and a great banking experience.
If you would like to take advantage of free P2P and bank-to-bank transfers, simply open a bank account with Lincoln Savings Bank and enroll in Online Banking. From there, you will have access to free transfers, as well as a host of other banking services designed specifically to make your financial life easier to manage.
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