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To: Mr. Mo who wrote (9575)	9/2/1999 3:44:00 PM
From: Charlie Smith	Read Replies (2) \| Respond to of 20297

Mr. Mo: Wingspan says they will now debit the bank account of my choice at my direction. I call them on the phone, give them ACH instructions, and the next day (supposedly) the funds are transferred to my Wingspan account. Banks have been able to do this for years. They just never advertised it. Works the same way if you want to credit your account with a cash advance from a credit card. Just give the creditor your bank's routing number, your checking account number and a security code and you're all set. Charlie

To: Mr. Mo who wrote (9575)	9/2/1999 4:19:00 PM
From: Brooks Jackson	Read Replies (1) \| Respond to of 20297

Mr. Mo: Schwab does the same thing. But I don't see how it helps very much since you still have to have a brick-and-mortar bank in which you make the original deposit. Actually, I don't see the inability to make direct deposits as a huge disadvantage for most people anyway, since you can have your paycheck and other recurring income items deposited directly. Obviously for a business that makes daily deposits of checks and cash it's another story. But for most individuals, I don't think it's a really big drawback having to mail in the odd dividend check or yardsale check. IMO.