Not all online banks offer wire transfers, can complicate home buying - Business Insider

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I was all set to buy my first house, until I found out just hours before the closing that my bank account wasn't going to work

About a year later, I found the house I was looking for, made an offer on it, had that offer accepted, and set up a date for the closing.

But, I couldn't find a way to do it on my online bank's website. After some looking, one line on the bank's frequently asked questions page stopped both me and my closing agent in our tracks: 'Outgoing wire transfers are not available.'make a wire transfer I was panicked. I called the customer service line. One representative said the best he could do would be to mail me a paper check. This was Wednesday, and the earliest that check would arrive would be Saturday. It would mean pushing my closing until the next week, and moving my move-in date to the next weekend. There had to be a better way.

 

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