Best "intermediary" online accounts for ACH push/pull

I use citibank.

The problem is that it can push only up to $2000 a day.

Glitch99 said: I find Etrade to be the best 'hub'. Deposits post the same day, even though the money isnt wothdrawn from the source account until the following day, and there is only a 3-day hold before it can be withdrawn. If you start the transfer on a Friday, you can move money from one bank to another via Etrade in 7 days (the money will be in the destination account the following friday), but earn interest on that money for 9 days during that time.
good info, thanks. interesting that it posts so quickly...what is the daily cut off?

This is a great topic. I've been trying to find a good hub with quick transfer and good rate in past few days.

dollarSavingsDirect.com has good rate, but it requires mail-in of the check for verification.
Countrywide is not fast although adding bank accounts is relatively easy.
I just tried FNBO direct. Adding external bank accounts is easy. But not sure how fast the transfer is. The rate is good though.
Fidelity is good, but the rate of smartCash account is very low.

I'd love to hear more experience from others.

Glitch99 said: I find Etrade to be the best 'hub'. Deposits post the same day, even though the money isnt wothdrawn from the source account until the following day, and there is only a 3-day hold before it can be withdrawn. If you start the transfer on a Friday, you can move money from one bank to another via Etrade in 7 days (the money will be in the destination account the following friday), but earn interest on that money for 9 days during that time.yeah I used to use etard for transfers until they screwed me over, holding my money hostage for a bogus "security" freeze. Now, I've been using checks for extra float on large transfers - most of my HYS accounts are linked to an interest-bearing checking account so I can mail a check to the destination bank (preferably with a prepaid envelope) and transfer the funds into the applicable checking account at the origin bank as soon as the deposit posts (which is typically 1-3 days before the check will clear; for new accounts I do the transfer when I expect they'll receive the check to prevent an NSF and I've never had any problems doing this).

solarUS said: has any evidence surfaced that other online banks are similarly sensitive to big ACHs? you'd think if somebody would encounter this, it'd be a FWFer.e*trade pulled their shenanigan on me for a $2k transfer, so I would say it has more to do with the total transfered per month/quarter than the amount of one ACH transaction. That being said, I've done numerous $25k-$75k ACH transfers with EverBank, OnBank, CNBBankDirect, HSBC, Alliant, WaMu, etc. and the only one I ever had a "problem" with was HSBC, but that was a legitimate concern that was professionally handled and quickly resolved. They flagged a transfer to a new bank account that I setup while on vacation several thousand miles from home, promptly locked online access to my account and called and e-mailed me to notify and discuss the situation; as soon as I told them the transaction was legitimate the lock was immediately released and I had no further problem.

A vote for fidelity from me. Seemingly unlimited account links. Speed is acceptable. And you might find they're great for other things as well - like checking (unlimited ATM fee refunds) and brokerage.

How many external accounts can you have for Schwab Brokerage accounts? I just signed up for their cc, checking, and brokerage...

I use GMAC for this and have always had a great experience.

fido smartcash, checking, push and pull.

torchedlh said: How many external accounts can you have for Schwab Brokerage accounts?

I got Schwab brokerage and checking when I got their Visa 2% ca$hback card, but quickly decided not to use them to originate ACH trfs. You have to fill out and mail in forms, and you have to call them each time you do a trf in/out of checking. Sounded very cumbersome to me.

szhang6 said: I use citibank.

The problem is that it can push only up to $2000 a day.

Does anyone know what the monthly ACH limit is with Citi?

UncaMikey said: torchedlh said: How many external accounts can you have for Schwab Brokerage accounts?

I got Schwab brokerage and checking when I got their Visa 2% ca$hback card, but quickly decided not to use them to originate ACH trfs. You have to fill out and mail in forms, and you have to call them each time you do a trf in/out of checking. Sounded very cumbersome to me.You do not need to fill out nor mail in forms for brokerage ACH links; you just need to call them once to confirm each link after the trial deposits are sent. The checking ACH links, OTOH, are more cumbersome.

USAA has very fast ACH pushes and pulls. IME, they credit your destination account the next day (and sometimes don't debit the source account for several days) however they place a hold on funds pulled into the account.

citifan said: USAA has very fast ACH pushes and pulls. IME, they credit your destination account the next day (and sometimes don't debit the source account for several days) however they place a hold on funds pulled into the account.

But they have a 5k daily limit . Anyway to get it waived?

torchedlh said: mttatknsYou said: do not need to fill out nor mail in forms for brokerage ACH links; you just need to call them once to confirm each link after the trial deposits are sent. The checking ACH links, OTOH, are more cumbersome.

Can you elaborate a little bit? thanksSchwab's checking ACH links require the paperwork UncaMikey was referring to; you can learn more here

torchedlh said: I see. So you don't need to mail in forms for the brokerage linking, only checking....But isn't the transfer between the checking/brokerage almost instant? I would think it would be easy to transfer through the brokerage each time. No?Yes, you can use brokerage for external transfers and then move the funds to checking.. though there will be a 3-day hold during which you're not earning interest for incoming transfers.

I used GMAC as well... so far their ACH has been reliable. Try not to use small banks / credit unions because those ACHs tend to raise flag on their end.

NantucketSunrise said: not in the realms of what you fellers ["fellers" in the spirit of OP's "y'all" ] are probably moving, so I couldn't comment on upper limits.
hey now...i used no apostrophe! 'yall' is one word, like 'shonuf' or 'fiddinta'.

still curious if these etrade mishaps were isolated incidents, or if there is a real reason to be concerned. it'd be nice to apply some old-fashioned FWF algorithm-breaking, ie. >3 transfers of >1k in <30 days, for example...if anyone would contribute, we'd be much obliged!

solarUS said: NantucketSunrise said: not in the realms of what you fellers ["fellers" in the spirit of OP's "y'all" ] are probably moving, so I couldn't comment on upper limits.
hey now...i used no apostrophe! 'yall' is one word, like 'shonuf' or 'fiddinta'.

still curious if these etrade mishaps were isolated incidents, or if there is a real reason to be concerned. it'd be nice to apply some old-fashioned FWF algorithm-breaking, ie. >3 transfers of >1k in <30 days, for example...if anyone would contribute, we'd be much obliged!Interesting you picked those numbers. Looking back at my account records, I had exactly 3 outgoing transfers of >1k in the 29 days preceding my account freeze. The first two were barely over $1k (both under $1.5k), the third was larger (>$70k), and the trigger transfer was just over $2k.