[Pugchief]

Originally Posted by retiredguy123

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

Not necessarily. Some banks' BillPay allow routing and account numbers in lieu of an address, which results in an electronic transfer via ACH rather than a paper check. Money is generally in the recipient's account on the next business day, although I imagine that depends on the banks involved.

[Frank Hamister]

When you getting ready to leave The Villages to go back up north for the summer write a check against your MA account and take it in person with a Citizens deposit slip and deposit enough into the account to cover your Florida expenses until you get back in the fall. Easy/Peasy.

[DAVES]

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?

We have an account at Citizens First and are happy with the service. Banking, any bank follows procedure. If, you are in MA or Florida I would stop by the bank and politely discuss what your complaint is and SOLUTIONS.

A 2000 limit sounds like an issue with your MA account. ???? Perhaps it is not a bank account but a stock brokerage account-just a guess.

Interest of three days on 2,000-no one is getting rich on that. Most problems have easy SOLUTIONS.

[conman5652@aol.com]

Usaa if ur a vet

[MSGirl]

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?

Call the bank!

[justjim]

OP, we use Truist (formerly BB&T). No problems. A couple of times I have checked with Citizens and other area banks and found Citizens CD rates to be significantly lower. Go figure.

[justjim]

Originally Posted by DAVES

We have an account at Citizens First and are happy with the service. Banking, any bank follows procedure. If, you are in MA or Florida I would stop by the bank and politely discuss what your complaint is and SOLUTIONS.

A 2000 limit sounds like an issue with your MA account. ???? Perhaps it is not a bank account but a stock brokerage account-just a guess.

Interest of three days on 2,000-no one is getting rich on that. Most problems have easy SOLUTIONS.

My local bank is Truist and if you transfer money using Zell there is a $2,000 a day limit. As I understand, that is typical.

[Glewellen]

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?

As someone mentioned, we LOVE Schwab Investor Checking. See rep in Lake Sumter. Checking account is totally FREE; all little incidental fees are reimbursed. No foreign transaction fees on Debit Card withdrawals. 24/7 American English speaking folks to talk with at 800 #. Needed $3,000 for an auto purchase deposit - easy from a local bank machine. Instant wire transfers - FREE. Wire transfer - 2 or 3 a month FREE. Checks FREE.

[Parteeinga]

Using the Citizens First app, you can deposit a check electronically up to $5000. Write a check to yourself from your northern account and deposit in to Citizens First electronically.

[Atamasco]

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?

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.

[JGibson]

Originally Posted by frayedends

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

Silly bird, write a personal paper check and deposit it into CB physical bank.

[Bill14564]

Originally Posted by frayedends

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

Originally Posted by JGibson

Silly bird, write a personal paper check and deposit it into CB physical bank.

Since the OP is in MA, the closest CB physical bank is at least 1,250 miles away.

[CoachKandSportsguy]

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.

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.

[Skmxy1]

Originally Posted by frayedends

I digress a bit, but I will never use BoA for anything. They held my mortgage years ago and tried to foreclose on me for underpayment. The underpayment was an increase in escrow amount by $20. They had never sent me anything informing me of the increase. My fault was that we didn't look at our mortgage statements because it was paid automatically.

Long story, but the principal and interest amounts were easily covered with our payments. Then a series of misinformation on what was owed happened (BoA was behind in their info). I was never actually over 30 days behind and never more than $20 but they started foreclosure proceedings anyhow.

Eventually it was all cleared up, including my credit report. But the hell they put me through to get it fixed I will never forget.

I had a very similar problem with Chase some years back. They lost a payment, I proved they got it many times. It took them over 9 months to figure it out and they cleaned up MOST but not all on my credit report. I will never use a giant bank conglomerate again.
That said, Citizen’s First is technologically in the dark ages. (ie their notifications take a full day where as my IL bank happens while I am still at the register!). They have told me they are aware and “working in it”. But that was 2 years ago already.

[barbara828]

I've xfered from cap1 TO Citizen's then TO IRA No problem. 3 days is not abnormal. They worry about drug money too.