[Kjbatl]

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?

CampusUSA credit union is a good local CU. Not great for national use, but better than Citizens

[Black Beauty]

We like many Bank in both TV/Citizens and our 'back home' bank that pays all ATM charges

[RobertScott]

All the other banks I have been in, and Capital One, provide nearly instantaneous notification of any money moving, but CFB takes many hours, rendering it of little use in reacting to fraud.

[CoachKandSportsguy]

Originally Posted by retiredguy123

As a buyer, one thing you can do is to demand to receive the settlement statement at least a day before the closing. When I buy a house, I always tell the seller's agent and the closing company that, if I don't receive the statement a day in advance, they will need to reschedule the closing. They have always complied.

Very, very good tip! I like that pro active approach.

Keep up the great tips!

[MisterPratt]

We thought the same. We dumped them. Since Chase is here and where we live up north, we opened a separate florida account, check book, debit and Freedom credit card.

[LucyP]

Not only bank doing this practice, Bank of America too.

[frayedends]

Originally Posted by splashes

If you transfer from your MA bank to citizens there should be no limit. If you request cb to transfer from your ma bank there is a limit

Good point. I’ll try setting it up from my MA bank.

[frayedends]

Originally Posted by JGibson

Or just go to the bank with your MA check and there is no $5k limit.

I can try but it’s gonna be a long drive to the bank from Massachusetts.

[Pugchief]

Originally Posted by Bill14564

But you didn't ask why I thought Pugchief would need a local bank, you asked why I thought I would need a local bank. Apparently, you don't need one, I still do.

Touché.
Now I know why you THINK you need a local bank.

[denniskathyb]

I use Citizens bank for money transfer. I use their Zelle option. Instant.

[Ramone]

Back in 2016, when we financed our house with the citizens bank because they would not let us pay cash for the transaction being Villages Contractor owned We decided to stay with them too for the Florida account. What a mess they are on several fronts. My credit union does a better job in checking and savings along with 5-7% CD’s.


;2288366]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?[/QUOTE]

[Bill14564]

Originally Posted by Ramone

Back in 2016, when we financed our house with the citizens bank because they would not let us pay cash for the transaction being Villages Contractor owned We decided to stay with them too for the Florida account. What a mess they are on several fronts. My credit union does a better job in checking and savings along with 5-7% CD’s.

Which credit union is that? A 7% CD is about 2% above the highest I've been able to find. I'd like to see if I qualify for that credit union so I could get in on that?

[Pxsnod]

Try transferring the money through your bank’s electronic bill pay system. Set yourself up as the payee.

[retiredguy123]

Originally Posted by Pxsnod

Try transferring the money through your bank’s electronic bill pay system. Set yourself up as the payee.

I'm confused. If you made a bill payment to yourself, the money would come you as a paper check, not to the bank.

[Arl]

Originally Posted by Dusty_Star

When I was considering purchasing, I made a list of banks that were both in my northern home town & in The Villages. I got a list of 4 national banks & I went with Bank of America, I remember another one was Chase. I used the BofA for my wire transfers for the purchase, plus I am able to use branches both in the north & in The Villages. I am still somewhat in transit, but I think once I am there full time, I will leave BofA for a local bank (meaning I'm not over the moon about BofA, it does the job - no complaints, but I still think I will leave it). I'm not expecting any major transfers, but if Citizens delays things, like pension or social security deposits then maybe that will not be the local bank I choose. Does anyone have anything to add about their Citizens experience?

I have automatic deposits with no problem.