clearXchange allows account holders in any of the member banks to send funds to each other and it takes about 1-2 days after the first transaction. It also allows sending funds via cellphone. If you have a Wells Fargo account, you can send funds to a BoA account holder using just their phone number.
I think the banks have done a horrible job of advertising this free no-strings-attached service.
Canada has a similar solution, but it works across all of the big banks. Chase's solution is only for Chase customers, though it appears that the recipient doesn't necessarily need to be a Chase customer.
clearXchange allows account holders in any of the member banks to send funds to each other and it takes about 1-2 days after the first transaction. It also allows sending funds via cellphone. If you have a Wells Fargo account, you can send funds to a BoA account holder using just their phone number.
I think the banks have done a horrible job of advertising this free no-strings-attached service.