Originally Posted by
cbn42
This is just speculation on my part, but CheckFreePay is normally paid with cash. Unless the receiving bank can see that debit cards were used, they may assume that the bill was paid with cash, which is untraceable and therefore could be used for money laundering. If I were trying to launder money, taking it to Walmart or Kmart and using it to pay off a credit card might seem like a good way to do it, so perhaps banks are cautious about this.
Dont know how the receiving banks see the payment. As I said, MANY banks use CFP to process their Bill Pay services.
I am sure you agree on that EVERY BANK wants you to use its Bill Pay service as that make you keep your money in the bank's account as everyone has some bills to pay regardless the amounts.
I have seen BofA PUSH Payment shows up as from CheckFreePay.
Now how can CFP being identified as Cash Payment when the money is from a BofA account?