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Talk about all common (i.e. non-personal) investing questions and points, investing information, and concept.
Re: Vanguard – Electronic Bank Transfer
Parkinglotracer — This is a crucial time vital transaction. Please name them to confirm what their restrict is.
A few years in the past, for a not timing vital switch want, I discovered USAA would solely permit $100K through on-line request, something larger wanted a CSR to provoke.
Additionally do perceive how lengthy your financial institution must settle incoming funds earlier than they are going to help you ship it someplace else. Totally different incoming switch strategies have completely different settling occasions. In settling my Dad Property final yr, I had no points shifting $50K – $150K chunks from varied sources through Wells Fargo certain for Schwab utilizing ACH, however I at all times allowed for a number of days at WF for it to totally settle earlier than shifting it once more. When his home was bought, the proceeds have been wired on to the Property Account at Schwab and distributed the subsequent day to the heir’s Schwab accounts.
Re: Vanguard – Electronic Bank Transfer
Usually, I might use a wire switch to the account specified by the switch agent reasonably than ACH.
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Subject Writer
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Re: Vanguard – Electronic Bank Transfer
Thanks. Nice recommendation I did name. On line my decisions to switch are to do an digital financial institution switch (ebt) or wire from my brokerage acct or IRA. The rep stated the utmost ebt was effectively above the 420K I have to switch and stated it is going to be out there in my checking account inside two days of switch. I’ll do it every week early to present my financial institution a pair days further. The lawyer doing my closing in NY stated a cashiers verify will work which can assist me keep away from a wiring course of. Final time I purchased a home I wired the cash to the title co that was operating the closing and it labored however there was some belief wanted within the thought I used to be wiring it to the precise place. I had wired the smaller deposit so I knew I had the directions proper.
Re: Vanguard – Electronic Bank Transfer
No purpose to suspect something malicious, however simply to be secure possibly learn up on home closing scams the place crooks attempt to divert your wire switch to a bogus account.
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Re: Vanguard – Electronic Bank Transfer
I simply investigated this within the final couple of weeks to find out the timing distinction between the 2 strategies.
Vanguard fees $10 for the wire and also you get the cash “instantly” however my financial institution added one other $20 for the wire payment.
Fairly than pay $30 to cowl the “want for fast money” I am shifting my money backup to a different agency that makes the switch in half-hour at zero value.
A scientist seems for THE reply to an issue, an engineer seems for AN reply and attorneys ONLY have opinions. Investing will not be a science.
Re: Vanguard – Electronic Bank Transfer
Doc wrote: ↑Wed Sep 11, 2024 11:06 amI simply investigated this within the final couple of weeks to find out the timing distinction between the 2 strategies.
Vanguard fees $10 for the wire and also you get the cash “instantly” however my financial institution added one other $20 for the wire payment.
Fairly than pay $30 to cowl the “want for fast money” I am shifting my money backup to a different agency that makes the switch in half-hour at zero value.
However gained’t the receiving financial institution nonetheless cost a payment for the “free” incoming wire switch? Additionally, does the “one other agency” pay a price much like Vanguard’s unusually excessive cash market fund yield in your money backup?
Re: Vanguard – Electronic Bank Transfer
My financial institution fees a payment for an incoming wire however not for an ACH “switch”. The wire takes minutes to maneuver however the regular switch could take a number of days relying on the dealer.
“Vanguard additionally doesn’t cost a payment for digital financial institution transfers, which use the Automated Clearing Home (ACH) community.”
“Vanguard Brokerage fees a $10 wire payment for every holding you are redeeming.”
A scientist seems for THE reply to an issue, an engineer seems for AN reply and attorneys ONLY have opinions. Investing will not be a science.
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Subject Writer
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Re: Vanguard – Electronic Bank Transfer
I transferred all of it to our checking account through digital financial institution switch (EBT). It would take a day or two. After all the market is manner up after which we could have financial institution runs subsequent as a result of I can be over the fdic insured restrict in my checking for just a few days. Ha ha.
