td_bank_notes
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td_bank_notes [2023/05/26 16:08] – raju | td_bank_notes [2024/02/14 21:35] (current) – [today | 2023-09-13] raju | ||
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- | today | 2023-05-26 | + | ==== today | 2023-05-26 |
Taking the money out of the bank is a pain. | Taking the money out of the bank is a pain. | ||
Line 18: | Line 18: | ||
* Fiserv is not same as ACH. | * Fiserv is not same as ACH. | ||
* You cannot do ACH transfers from their website. | * You cannot do ACH transfers from their website. | ||
+ | |||
+ | ==== today | 2023-07-26 ==== | ||
+ | |||
+ | Depositing money into the account is also painful. | ||
+ | * Deposited a check on 7/20 (Thu). It was pending asof 7/27 (Thu) and got cleared on 7/28 (Fri). Apparently, they hold the funds for 6 business days. | ||
+ | * Compare this with Capitalone where it takes 1-2 business days for the funds to be fully available. Deposited a check on 7/17 (Mon) and it was fully available on 7/19 (Wed). | ||
+ | |||
+ | ==== today | 2023-09-13 ==== | ||
+ | |||
+ | Receiving money via Zelle is very restrictive. | ||
+ | * My friend tried to transfer $3,500 via Zelle from a BofA account to my TD Bank checking account. It failed. We are not sure why. | ||
+ | |||
+ | The restrictions on the TD Bank side are | ||
+ | * outgoing transfer limits: \$1,000 same day transfer (\$5000 per month), \$2,500 next day transfer (\$10,000 per month). | ||
+ | * incoming transfer limits: None. | ||
+ | |||
+ | source: TD Bank customer service reps | ||
+ | |||
+ | The restrictions on the BofA side are | ||
+ | * https:// | ||
+ | |||
+ | ==== today | 2024-02-14 ==== | ||
+ | It is not possible to do an ACH transfer from your account to an account owned by another person. The only option to do a third party transfer is to do it via Zelle or through wire transfer. | ||
+ | |||
+ | Situation: I wanted to transfer money from wife's checking account to my daughter' | ||
td_bank_notes.txt · Last modified: 2024/02/14 21:35 by raju