Quote:
Originally Posted by frayedends
We opened a Citizen's first account when we bought down there for our part time home. Figured it's easy to pay the mortgage and keep a separate account for all our Florida expenses.
But I'm thinking of dumping them. First, when I do an external transfer from my bank up here in MA, I can only do $2K each time. It takes them 3 business days to post an electronic tranfer, which is absurd. Not only that, they remove it from my bank here immediately. So what they are doing is keeping the 2K for 3 days, and making interest off it before they post it. Never had this issue with banks up here.
The 2K limit is frustrating as I have to make multiple transfers to keep my balance high enough for mortgage and all expenses. I'm not down there to make larger deposits in person.
Anyhow, just a gripe. Other banks you prefer?
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We still have an account there mostly for auto deposits and bill paying but we have move 90% of our funds to Mid Florida CU where we get 3% as compared to less that 1% at CF.
We are able to move as much money as we want out of CF to various banks so I have not idea what the $2,000 limit is all about or how your are doing it. The Villages has no shortages of Banks and CU. I would avoid the big ones like Wells Fargo, BofA and Chase though.