money transfer
Dec. 20th, 2005 08:54 amI'm trying to solve the puzzle of sending money between different accounts, without the use of checks and snailmail.
I use my Washington Mutual account to deposit checks (and, rarely, take cash). Then I send money from there to pay my bills. That works perfectly; not very fast, but perfectly.
I have a HELOC with Wachovia. With all their stupidity and bureaucracy, the conditions are good. To manage money transfers, I also have a bank account with Wachovia. But sending money to that account or from that account takes over a week in most cases, and they can randomly cancel a transaction, pronouncing it "unusual". Say, to pay off $12k, I have to cut this into $1.5k pieces and send them day after day, or else Wachovia would cancel it.
I also have an etrade account. This is the most efficient - I'm supposed to be able to use it to transfer money back and forth, to and from my WAMU and Wachovia accounts. Theoretically.
So, every time I need to send money from one place to another, it takes days. Where, I wonder, are those tricks that I've seen in the movies since 10 years ago - a click, and the money miraculously appear on another account? Which century is it?
I use my Washington Mutual account to deposit checks (and, rarely, take cash). Then I send money from there to pay my bills. That works perfectly; not very fast, but perfectly.
I have a HELOC with Wachovia. With all their stupidity and bureaucracy, the conditions are good. To manage money transfers, I also have a bank account with Wachovia. But sending money to that account or from that account takes over a week in most cases, and they can randomly cancel a transaction, pronouncing it "unusual". Say, to pay off $12k, I have to cut this into $1.5k pieces and send them day after day, or else Wachovia would cancel it.
I also have an etrade account. This is the most efficient - I'm supposed to be able to use it to transfer money back and forth, to and from my WAMU and Wachovia accounts. Theoretically.
So, every time I need to send money from one place to another, it takes days. Where, I wonder, are those tricks that I've seen in the movies since 10 years ago - a click, and the money miraculously appear on another account? Which century is it?