Quote:
Originally Posted by Atamasco
I ran into the same thing when I wanted to transfer funds to BarclayUS, an online bank. What I do now is go to Barclay and have them withdraw the funds from Citizens First, rather than asking Citizens to do the transferring. No problem.
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PUSH versus PULL transaction. .
notice the speed difference
In my experience the PULL transactions are FASTER than the PUSH transactions, because of the PUSHING bank wants to hold onto the funds longer, whereas PULL bank wants the funds sooner. . .
in all financial transactions, look to see who has the financial incentive and who doesn't and that usually gives you the best information on the structure of the transaction.