Which is faster:

1. Pulling money from Bank of America checking account using Provident Bank savings account directly OR

2. Pulling money from Bank of America checking to my GMAC savings and then pushing the money from GMAC savings to Provident Bank?

This might sound crazy, but when I did an initial deposit to Provident from my checking directly it took about a week. I've heard it takes way less time to do all of this transferring using GMAC. Anyone have any experience? I know you cannot trust the website's guarantee that your money will be transferred in X amount of days, which is why I am asking.

And I know it's not a ton of interest lost, but hey, it's still money lost that it could be earning interest somewhere!

Thanks

Ummm... why not do some test transactions with $10 or something to find out for sure?

lorcha said:Ummm... why not do some test transactions with $10 or something to find out for sure?

Brilliant!

Check the Provident thread transfer speeds.

kwest said:Texas A&M? Ha...Boomer Sooner

Did you hear about the Aggie at the stop sign? Well, he's still there.
How do you get a one armed Aggie out of a tree? Wave.

There were three Aggies huddled around each other at a local bar. All of a sudden, they jumped up and yelled,
"Yeah, 45! 45!" The bartender goes down to them and asks, "45? What are you guys so excited about?"
One of the Aggies speaks up: "We just finished a jigsaw puzzle. The box said 2 to 3 years, and we did it in 45 days!"

CornHusker said:definitely go second route

first it will be faster, if you timing it well

second, if it is, you will have limited day loss during the transaction, GMAC is still at 3%, while route one gives no interest for some days...

Thank you CornHusker.