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2:21 pm
July 23, 2011
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jacks
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Do they put holds on the money deposited/transferred to the account?
Looking at using them to transfer mastercard money to it on a weekly basis. Figured why not make a $1-$2 a month as opposed to absolutely nothing 
Would go with ctfs, but then would have to make sure that the "final" transfer into it is more then 5 bus days(?) before have to transfer money out to my pc financial chequing account to pay off the bill. Not using pcf, since rates under $1000 are practically nothing.
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9:35 pm
July 23, 2011
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msl
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Yeah. They do. It usually takes 8 days using ABMs.
But for an electronic fund transfer, in my experience, its 5 days average.
My ING Direct —going—> CDF = 5 business days.
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10:32 pm
July 23, 2011
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jacks
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When you say 5 bus days for etf, that is including the hold? I would assume the money would be from one account to the other in 2-3 bus days, and therefore only held for 1-2 bus days?
So for example if I eft monday, I could theoretically withdrawal, pay bills or transfer out that same amount of money to another account friday?
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12:06 am
July 24, 2011
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msl
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Yeah, that would be the case. 5 bus days total (deposit+hold+hold release). in your example of eft monday… then friday it maybe be already okay. but i doubt it, so you better check it first. in my experience, im betting its gonna be on the next Monday that maybe your money is "ready and live."
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6:15 am
July 24, 2011
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jacks
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| Member | posts 29 | |
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