Okay I’m trying to be a good boy and ha...
Okay I’m trying to be a good boy and have my J’s direct deposits go to checking acct at bank 1.
Then transfer to checking/savings at bank 2 that is my actual daily driver bank. However, I’m running into transfer limits from one payday and I don’t want to pay wire fees. Am I an idiot? Or is there a better method.
10 Replies
conscious-sapphire•7mo ago
Yes, stop co-mingling finances and have one checking account per J.
Then do a monthly transfer of x-percentage to a HYSA.
other-emerald•7mo ago
Right but I still run into the problem of 5k or 6k monthly transfer limits, unless my bank is just trash and there’s better options.
Ok I’m googling and my bank is just trash.
conscious-sapphire•7mo ago
Yeah, you should be able to transfer pretty much anything to a HYSA. You might need to switch banks
diverse-rose•7mo ago
Bank is trash... Big banks should let you transfer way more
afraid-scarlet•7mo ago
How does this protect you at all?
SoFi took 3 days to transfer 20k and a minimum of 2 days for anything over like 3k
conscious-sapphire•7mo ago
It’s about proper bookkeeping. It doesn’t protect you from anything other than having a good visual of your multiple incomes
other-emerald•7mo ago
@jack This stems from a conversation about companies having the ability to revoke previous pay from the spot you have connected for direct deposit.
afraid-scarlet•7mo ago
Oh I see. I used to have 4 banks I don’t anymore.
Gotcha yeah. That makes sense .
conscious-sapphire•7mo ago
I have all my checking accounts with the same bank just different free checking accounts
afraid-scarlet•7mo ago
Oh I see