Banks Profit From Procrastinators

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Many banks are now offering services to customers who need to make urgent payments to take advantage of a profitable market.

The effort is an attempt to fill the void as online bill payments take more than two days to complete and wire transfers through First Data Corp.'s Western Union cost $10 per $100, The Wall Street Journal said.

J.P. Morgan Chase & Co.'s Bank One unit just started an overnight check-delivery service that allows customers to send a check online as late as 10 p.m. for next day delivery at a cost of $14.99.

Citigroup Inc.'s Citibank has a service that charges $5 to $10 for transfers. Bank of America Corp. and Wells Fargo & Co. have made it easier for speedy customer-to-customer payments.

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