<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ec336:
In the US, we can have funds from our bank accounts electronically wired to make purchases (EFT, or electronic funds transfer). This is how many of us pay our credit card, and many other bills online. Generally there is no charge for this on either end (buyer or seller, provided it is done through the automatic clearinghouse system). I believe this is how the Treasury plans on selling the bonds electronically and only online: through fund withdrawals from bank accounts, and not through credit cards.</font>
Not just PLANS ON, but is doing, has done, and for quite some time I believe!!!
Never a big topic of discussion on FlyerTalk, since there is no mileage-earning opportunity for doing electronic funds transfers.
http://www.treasurydirect.gov/
Kathy