My credit union is the same. You can set up automatic/periodic transfers from one account to another at the same credit union, but to "transfer" money to an account at another bank you use the "bill pay" system which ends up as a check (possibly an ECH or maybe an actual paper check, depending on which bank is receiving the funds).

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sroussey an hour ago | parent [-]

Yes, I pay my HOA fees via bill pay so they write a check and send it next door via the mail. This is Wells Fargo.

Also, they remove the money when they mail the check… not when it gets cashed.

	▲	SoftTalker 42 minutes ago \| parent [-]
		Mine was that way, but they changed so that it's like a regular check and funds are only withdrawn when the check is cashed. I suppose there might have been some difficulty explaining what they were doing with all the money for the checks that were never presented for payment.