BILLPAY vs. ACH

[55Jay]

I consolidated a few investments held with proprietary fund managers, into a Pershing brokerage acct, and signed up for an associated checking account provided by BNYMellon.  The on-line interface is called "NextInvestor".

 

Discovered there's no direct online access to the checking account like I'm familiar with in the Schwab brokerage and bank online platform, where I can move funds from checking to brokerage, then ACH myself, usually to Bangkok Bank NY. 

 

Looks like the only way to send money out online with Pershing is BillPay.  I'm interested in setting up transfer to Bangkok Bank NY.  Sent them an email about it, and to confirm address (which BillPay wants) and they responded with below..   Didn't call, thought I would pulse here to see if anyone uses BillPay to "pay" another bank, in particular BKK Bank NY without having to use my Thai address or make it look like a foreign transfer.

 

[email protected]

 

Dear Mr Jay

 

Payments by bill pay results in paper check or electronic payments.

If we receive a paper check, we will return to you as we do not accept.

If electronic payment, payment order should have the address of the

Beneficiary in Thailand.

Please do not hesitate to contact us if you have any questions.

Regards

Lyn George at 212-329-9237

Edited March 4, 2017 by 55Jay