Citibank transfers to other institutions

[compddd]

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.

[Dan]

Can't you ACH pull it from the Chase account?

[compddd]

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.

[AsherO]

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?

[compddd]

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.

[kangaroo]

how do you open each year?

[compddd]

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?

[scwam]

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.

[compddd]

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?

[scwam]

I think so. New money should mean money not transferred in from a Chase affiliate.

[compddd]

I did the cashiers check just to be safe.