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brentpresley
- Ancient Member
posted: Dec. 28, 2005 @ 1:56p 
mhesidence said:Clocks said:They have a very nice ACH function. You don't need to call or fax anything to setup the accounts. No test deposits to verify. It is all done online and very quick and easy.
HSBC takes 3-4 business days for ACH to go thru, a bit slow since they take the money next business day but you don't earn any intrest for another couple of days.
How fast is the ACH with GMAC? Is there a limit to the linked accounts? HSBC doesn't seem to have a limit.
I don't know about the number of linked accounts, but GMAC is one of the fastest at ACH transfers that I have seen. I have initiated two pulls from ED to GMAC and both were completed in exactly one business day and the funds were immediately available. |
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bill777
- Happy Member
posted: Dec. 28, 2005 @ 3:00p
brentpresley said: I have initiated two pulls from ED to GMAC and both were completed in exactly one business day and the funds were immediately available.
WORNG, try again now and you will see how many more days needed for the funds to be available. |
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mhesidence
- Cranky Member
posted: Dec. 28, 2005 @ 3:16p
bill777 said:brentpresley said: I have initiated two pulls from ED to GMAC and both were completed in exactly one business day and the funds were immediately available.
WORNG, try again now and you will see how many more days needed for the funds to be available.
Please just tell us the correct answer.
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brentpresley
- Ancient Member
posted: Dec. 28, 2005 @ 4:48p
bill777 said:brentpresley said: I have initiated two pulls from ED to GMAC and both were completed in exactly one business day and the funds were immediately available.
WORNG, try again now and you will see how many more days needed for the funds to be available.
My bad, the funds were available the day AFTER the transfer.
Hey jackmunch, LEARN TO SPELL. |
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landale
- Addicted Member
posted: Dec. 30, 2005 @ 4:40p
Is anyone else having problems logging into their GMAC account? I keep getting an error message of "We are unable to process your request at this time. Please contact Customer Care at 1-866-2GMBank for assistance." I don't think its my account as its letting me change my password and stuff. Just not login. |
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Clocks
- Senior Member
posted: Dec. 30, 2005 @ 4:54p
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officeboy
- Thrifty Member
posted: Dec. 30, 2005 @ 5:05p
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fundeal
- Member
posted: Dec. 30, 2005 @ 9:14p
brentpresley said:bill777 said:brentpresley said: I have initiated two pulls from ED to GMAC and both were completed in exactly one business day and the funds were immediately available.
WORNG, try again now and you will see how many more days needed for the funds to be available.
My bad, the funds were available the day AFTER the transfer.
Hey jackmunch, LEARN TO SPELL.
thanks brentpresley, I believe you have checked and gave us the correct info this time.
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Clocks
- Senior Member
posted: Dec. 30, 2005 @ 11:01p
officeboy said:Working great here/now.
Still down for me. I called them this afternoon and they confirmed it was down earlier in the day. Anyway, I still can't get in. |
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landale
- Addicted Member
posted: Dec. 31, 2005 @ 12:46p
Still down for me as well. This really sucks as there is now no customer service again til Tuesday. |
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Clocks
- Senior Member
posted: Dec. 31, 2005 @ 3:54p
I am still down also. Not too happy about it. In fairness, this is the first issue I have had with GMAC in the 3+ years I have had them. |
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fw201
- Senior Member - 2K
posted: Dec. 31, 2005 @ 4:12p
Im thinking about the demand notes. 5.5 vers 4.3% might be worth it.
I realize they are not FDIC insured, but GMAC aint going anywhere.
And has anyone ever not gotten their money when the wanted it from them ?
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landale
- Addicted Member
posted: Jan. 3, 2006 @ 10:39a
Their site is still down for me. Called customer service and they say they are aware of the problem but couldn't give me an idea when it would be resolved. I now have been unable to access my account since Friday afternoon. I am horrified at how long this has been going on. I am sure there are plenty of customers that need to be able to transfer funds and are unable to due to this. As soon as their site is back up I think I am going to transfer almost everything back to HSBC. |
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officeboy
- Thrifty Member
posted: Jan. 3, 2006 @ 10:50a
That is strange, I have not only logged in, but I've transferred funds. It's not been down for me at all. |
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landale
- Addicted Member
posted: Jan. 3, 2006 @ 10:54a
They told me it's only effecting a portion of their customer base so I guess you are just one of the lucky ones. |
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officeboy
- Thrifty Member
posted: Jan. 3, 2006 @ 10:59a
Need me to log into your account for you? 
Hope you get back in soon. |
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Clocks
- Senior Member
posted: Jan. 3, 2006 @ 11:22a
landale said:Their site is still down for me. Called customer service and they say they are aware of the problem but couldn't give me an idea when it would be resolved. I now have been unable to access my account since Friday afternoon. I am horrified at how long this has been going on. I am sure there are plenty of customers that need to be able to transfer funds and are unable to due to this. As soon as their site is back up I think I am going to transfer almost everything back to HSBC.
Still down for me also. I believe you can transfer funds over the phone if need be. |
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Alcibiades
- Senior Member - 10K
posted: Jan. 3, 2006 @ 11:25a
fw201 said:Im thinking about the demand notes. 5.5 vers 4.3% might be worth it.
I realize they are not FDIC insured, but GMAC aint going anywhere.I think they should be paying more interest on the DN. |
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fw201
- Senior Member - 2K
posted: Jan. 4, 2006 @ 6:51p
Why ? I would think a small investors demand note would be the LAST thing they would not pay.
Is it really junk status ?
Alcibiades said:fw201 said:Im thinking about the demand notes. 5.5 vers 4.3% might be worth it.
I realize they are not FDIC insured, but GMAC aint going anywhere.I think they should be paying more interest on the DN. |
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mrpuddles
- Addicted Member
posted: Jan. 4, 2006 @ 8:29p
Yes, GMACBank's parent company GM is under serious financial pressure and might declare bankruptcy in the next year. That is some serious risk for only 5.5%. It might be worth considering if it paid out more. The demand note might be one of the last instruments of debt that they pay back. You have to own stock in GM - and I think being a related party to a corp puts you in a lower tier for debt repayment priority. I'm not a bankruptcy expert and could be wrong.
The other thing to consider is... would the US let GM go bankrupt and dissolve? Highly unlikely. They would probably offer GM a package and bail them out like Chrysler. fw201 said:Why ? I would think a small investors demand note would be the LAST thing they would not pay.
Is it really junk status ?
Alcibiades said:fw201 said:Im thinking about the demand notes. 5.5 vers 4.3% might be worth it.
I realize they are not FDIC insured, but GMAC aint going anywhere.I think they should be paying more interest on the DN. |
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