If it was a brick and mortar branch, depositing a personal check would be fine. In short, wiring the funds is the best way for that amount of money to an on-line only financial institution. Near certain is, but as of several years ago, some CUs that touted well above average rates weren't opting for an alternative, private insurance that I can't recall the name of. Which brings to mind something else, be sure the CU is NCUA insured. On an aside, in my view, online CU doesn't seem a good idea for such a large amount of money unless they're offering far above average rates. Within 90 days of account opening, receive a total of 4,000 or more in qualifying direct deposits to your new checking account. If that were to occur, getting the funds back could be a long drawn out process. Open an eligible consumer checking account online or bring a bonus offer code to a participating Wells Fargo branch. She should contact the CU for advice before sending.įurthermore, triple-checking the account number is correct, because being off by even one could result in the wire going to another person's account at the CU. See Wells Fargo’s Online Access Agreement and. Your mobile carrier's message and data rates may apply. Availability may be affected by your mobile carrier's coverage area. Some accounts are not eligible for mobile deposit. Deposit limits and other restrictions apply. It may be different than the routing number shown in her account for direct deposit and billpay. Mobile deposit is only available through the Wells Fargo Mobile app. However, when wiring, she needs to be absolutely sure the routing number is correct. There's a nominal fee involved, but is worth the piece of mind and convenience. Also, CU might not accept it depending on their policies. Mailing in a check may work, but risk of loss. Many banks and CUs limit mobile deposit to $5K or so per day. after all, how many times a week do you need to move 100K+ between banks with limited options like this? These fees and limits on bank transfers are fairly normal, its just that people dont run into them that often. only down side is there is just about always a fee to send it and often a fee to recieve the wire on the other end as well. No real limits on a wire, typically arrives same day and is pretty safe. ![]() not even 2 months, depending on if the bank goes on calander days or a rolling 30 days, this can be done in just over 2 weeks or done in about 31 days. Wells fargo allows 30K a month it sounds like, online CU likely allows between 25K and 50K a month themselves (rough estimates on lower and upper bounds) so she could transfer about 55K-75K per month and have it done in 2 months without an issue. ![]() however you can typically do the transfer from both ends, meaning she can link wells fargo to the online CU but she can also link the online CU to wells fargo. Bank to bank transfers (ACH transfers) typically take 2-3 days to go through and having limits on them is fairly normal.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |