scott1961 said:What they are saying is the min amount to do an ACH transfer is $50. In other words you cannot transfer less.
Ahh! Thank you Scott.

So, if I ACH from Citibank -->>to Countrywide there is no fee (?) -but- (I seem to recall) a daily $50k limit?

Or what is the correct FROM/TO order here to avoid fees?

Tytie

scott1961 said:When you set up Countrywide you just link the account you want to pull from. Countrywide allows you to ACH up to $105,000 per day and $250,000 per month

Scott you are the best! I have one last question:

I take it then that Countrywide will PULL the funds — fee free — from Citibank.

Would this in any way be obstructed by Citibank's $50,000 monthly maximum for transferring funds? -or- is that $50k cap just when the transfer is initiated from Citibank?

Thanks honey!

Tytie

Why is Savingslink 5.25%, Money Market 5.0%, and 3 mo. CDs less than 5.0%?

If anything shows the yield curve is inverted, this is proof!

What to do with so many bank accounts now dormant?! Move over GMAC MM.

edit: just a reminder for those of us with low usage savings accounts. While it might not be technically dormant yet, we should remember to use all our accounts every 6 months to prevent dormant status. Recently I had a $5 fee accessed to my dormant Principal checking account ($5 fee if no activity for 1 yr). I recently wrote a letter to close the account. Some banks do not bother to tell you of your pending dormant status. I need to close another local bank because I will be in dormant status end of June. This is why I wonder if hopping from bank to bank is causing problems for other FWers and how do you keep all your plates spinning and your nonFW spouse abreast of your laundry list of accounts.

TYTBUDGET said:They can invert it all they want; just don't revert it until I first divert it.

TytieWell said, from an English major

Pardon my poor english, but FW is causing me so much confusion. I'm just wondering if others are experiencing the same overload or is it just me

I've got enough plates spinning, I cringe when another bank offers a better interest rate. Not that I'm not happy to see rates go higher, but I think just when the dust settles on opening an account, I have to do the same all over again. Soon even I will lose track, let alone being forwarned by my nonFW spouse that I'm spinning a finance web out of control.

unknownshopper said:tooshy said: being forwarned by my nonFW spouse that I'm spinning a finance web out of control.

Werd.Word or weird?

TYTBUDGET said:We're sorry, but your request cannot be processed at this time. Our website is currently undergoing scheduled maintenance. Please try again in a few minutes.

Countrywide launches a new account rate . . . and schedules maintenance for the first day it is available? What a complete joke.

Tytie

You got ticked off about having to get a notarized signature on BankUnited and now you're mad (or showing a mad smiley) because you can't sign up for an account the exact hour you want?

You need to lighten up. If you're going for Countrywide that means you have 50K+ to dump in a cash account, life is good, right?

Thanks all, some questions, TIA for any answers from those with experience using this account.


-I gather they have been pulling "hard" equifax credit inquries on all applicants? Anyone not seen a credit pull, or seen one with another CRC?

-How long to ACHs in and out take? What's the cutoff time to get them processed on a particular business day, in your experience?

-Do you earn interest effective when the transfer is initiated, when funds are actually collected, or at some other time?

rishi75 said:Outgoing Wire Transfers $15.00

It appears that Country wide has a fee for outgoing wire transfers. Does this fee only apply when the transfer is initiated from Countrywide website or would it also apply when I pull the money out of countrywide through another webiste like Fidelity or EmigrantDirect.

Thanks.
Wire transfers are not the same as ACH transfers. ACH transfers are free. Pulling or pushing is free

TYTBUDGET said:
2. Reverse my FICO pull or I go to the FEDS.

Tytie
Good luck on that one, When you filled out application you gave consent to pull your report. I sent this message thru bank mail the other day and am still waiting for an answer

"I opened a CD with you last month and noticed you pulled my credit report. I would now like to also open a savingslink account but was told another credit check would be done. Can you explain to me why this must be done? I open a number of bank accounts and very few pull reports and verify identity thru some other method. My FICO score keeps getting lowered due to these inquires as they signal I am looking for credit when I am actually depositing money.
Thank You"

Other than that I don't have any issues with Counrtywide and I don't think they are trying to pull a fast one on you. You stated this account was just offered yesterday but it was available last week and I know of someone who opened and no problems. I don't know how fast transfers will be but would hope its better than HSBC or ING. Would not bother with the with FEDS as a bank this size has an army of legal experts and I am sure whatever they are doing is within federal banking regulations
Also they are a 73 Billion dollar bank, So I don't think they are trying to run some sort of scam

DaveHanson said:Thanks all, some questions, TIA for any answers from those with experience using this account.


-I gather they have been pulling "hard" equifax credit inquries on all applicants? Anyone not seen a credit pull, or seen one with another CRC?

-How long to ACHs in and out take? What's the cutoff time to get them processed on a particular business day, in your experience?

-Do you earn interest effective when the transfer is initiated, when funds are actually collected, or at some other time?


My sister just opened one here. They *saw* her Equifax info (and referred to it) but no hard pull on any CRA so far. ???