Author Topic: Citibank transfers to other institutions  (Read 1436 times)

Offline compddd

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Citibank transfers to other institutions
« on: October 26, 2012, 11:30:14 AM »
I was going to transfer 10k from my Citi checking to fund my new Chase savings account and it's saying I can only transfer 2k daily? What is this garbage? There's no such limits for Chase. Am I missing something?

I really don't want to go down to a Citi branch and have to request a 10k cashier's check.

Offline Dan

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Re: Citibank transfers to other institutions
« Reply #1 on: October 26, 2012, 12:28:53 PM »
Can't you ACH pull it from the Chase account?
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Offline compddd

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Re: Citibank transfers to other institutions
« Reply #2 on: October 26, 2012, 12:49:30 PM »
I didn't think of that. It should still count as new money right? I did a Chase savings coupon and I need to deposit 10k into the account to get the bonus.

Offline AsherO

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Re: Citibank transfers to other institutions
« Reply #3 on: October 26, 2012, 03:39:52 PM »
I didn't think of that. It should still count as new money right? I did a Chase savings coupon and I need to deposit 10k into the account to get the bonus.

Might be best to use a cashier's check to be on the safe side. $200 for $10k depsoit, eh?
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Offline compddd

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Re: Citibank transfers to other institutions
« Reply #4 on: October 26, 2012, 03:52:35 PM »
Might be best to use a cashier's check to be on the safe side. $200 for $10k depsoit, eh?

No the max amount for the Chase savings coupons is $150, so $350 total each year with the $200 checking coupons.

Offline kangaroo

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Re: Citibank transfers to other institutions
« Reply #5 on: October 26, 2012, 04:28:26 PM »
how do you open each year?

Offline compddd

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Re: Citibank transfers to other institutions
« Reply #6 on: October 26, 2012, 09:44:57 PM »
Might be best to use a cashier's check to be on the safe side. $200 for $10k depsoit, eh?

Can you think of any reason why an ACH pull from Citi wouldn't count as new money in my Chase account?

Offline scwam

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Re: Citibank transfers to other institutions
« Reply #7 on: October 27, 2012, 10:50:35 AM »
I'm not sure about that, but if it must be direct deposit, a pull may not count for such. Chase told me a push will count as a DD. And sure enough through the Fidelity deal it counted towards the DD requirements on my monthly statements. I've had pulls refused but when I pushed it there was acceptance on the same amount.

Offline compddd

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Re: Citibank transfers to other institutions
« Reply #8 on: October 27, 2012, 11:58:48 AM »
This is a savings account coupon, not a checking account coupon. There is no direct deposit requirement. They just want $10,000 in new money deposited into the account, money not held by Chase.

So a pull should be fine right?

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Re: Citibank transfers to other institutions
« Reply #9 on: October 27, 2012, 06:05:44 PM »
I think so. New money should mean money not transferred in from a Chase affiliate.

Offline compddd

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Re: Citibank transfers to other institutions
« Reply #10 on: October 27, 2012, 07:18:48 PM »
I did the cashiers check just to be safe.