Quote:
Originally Posted by frayedends
Hmm, it seems Citizen's first makes the limit, but they determine it based on where it's being transferred from. No idea how they determine that...
From the transfer page...
"To protect your accounts, we've set limits on how much money you can transfer. Limits can change with the From and To account selection."
When I put in from my bank in MA it shows this...
Standard
Remaining today
$2,000.00
Daily
$2,000.00
Per Transfer
$2,000.00
Monthly
$6,000.00
And every transfer I make gives me an email that says what's below. It would make sense if it took 3 days to come out of my bank. But, nope, it comes out immediately. Not pending, just gone. Then it take full 3 business days to post in CFB.
"We received your request on September 08, 2023. You should expect to see the funds in the destination account within 3 business days. The timing can vary, however, depending on the institution."
I guess I'll just suck it up until I move there full time in a couple years and then find a good credit union.
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RE: the daily limit & the monthly limit: is your Citizens account a Money Market account? When Banks were allowed to offer these accounts, (which were able to pay a higher rate of interest than savings account & have check writing & immediate withdrawals unlike CDs), the government put restrictions on them ie: how many transfers/withdrawals were permitted. While regulations may have been loosened, perhaps Citizens kept the restrictions.