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Updated about 8 years ago,
Private Lending Payments directing into Lender's Bank Account?
I bought a property using private money, and I would like to electronically send the monthly payments directly into the private lenders' bank accounts. I would prefer not to use a third party site (ie Dwolla, etc) where they have to sign up for an account. I just want the money to show up in their account, and make it as easy as possible for the lenders. I have the account and routing numbers for each lender.
Any ideas on how to make this happen?