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Frequent Contributor
ocheosa
Posts: 372
Registered: ‎06-15-2007
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Re: PenFed hates me....becoming mutual


txjohn wrote:

haulingthescoreup wrote:
That's just crazy! I pay from a non-PenFed source, and it's credited that day.

So they have no issues with payments from outside sources, but they put the stink-eye on their own??

Like I said, I use them for credit, not for banking. sheesh

 

How long have you been a member?  The issue is not source, they said "any source" for "new members under 6 months."  The point is not how much or where it comes from or how they got it, just that I'm a new member and thus unworthy even of cash till I become a beautiful butterfly in 6 to 12 months :smileyindifferent:

 

And I am using them for credit too....but they make it impossible to pay them in a manner that is satisfactory that the funds are released or available in less than 10 days.  10 days is 1/3 of every month! 

 

Okay, rant over, thanks for listening.  Just don't like people doing that to MY MONEY!  Oops, guess I still had a little rant left in that last breath.

 

 

 

 

 

 


txjohn,

 

You have every right to blow a gasket.... Like you I understand new member "probation" period for credit. But I have never heard of bank account limitations above 30 days. (Mom/Pop banks included.)  Hold on checks sure...but on cash? You obviously have more patience than I do, all bank accounts would have been closed on the spot with checks returned to me by mail. Even if it involved a road trip. I can get a bit overheated in such matters.

 

Although its not public, they must be taking a beating in the crunch. Maybe members floating checks or god knows what else ?? Geez!

 

Lets start a countdown for your 6 month anniversary!! Just think you will be graduating from pull ups to big boy pants! :smileyvery-happy:

01/04/10 TU 778 EQ 731
08/05/09 TU 762 EQ 722
02/12/09 TU 722 EQ 704 EX 690
EQ sensitive to inqs & student loan.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
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Re: PenFed hates me....becoming mutual

I guess if I had crap credit, extremely new credit, was real young or something, I'd understand more.

 

But I have 780-800 credit, 40 something years old, 6 figure income and was approved for $10k Visa....so it seems that I would not be such a huge risk that they can't take cash without a 10 day hold on funds :smileyindifferent:

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
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Re: PenFed hates me....becoming mutual

Give what you get John. That's past ridiculous.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
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Re: PenFed hates me....becoming mutual

[ Edited ]

ocheosa wrote:

txjohn,

 

You have every right to blow a gasket.... Like you I understand new member "probation" period for credit. But I have never heard of bank account limitations above 30 days. (Mom/Pop banks included.)  Hold on checks sure...but on cash? You obviously have more patience than I do, all bank accounts would have been closed on the spot with checks returned to me by mail. Even if it involved a road trip. I can get a bit overheated in such matters.

 

Although its not public, they must be taking a beating in the crunch. Maybe members floating checks or god knows what else ?? Geez!

 

Lets start a countdown for your 6 month anniversary!! Just think you will be graduating from pull ups to big boy pants! :smileyvery-happy:


Can I have the ones with race cars on them?!!!  :smileyvery-happy:

 

race car pullups

Message Edited by txjohn on 07-27-2009 06:27 PM

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Frequent Contributor
ocheosa
Posts: 372
Registered: ‎06-15-2007
0

Re: PenFed hates me....becoming mutual

Sure! How cute!!!

01/04/10 TU 778 EQ 731
08/05/09 TU 762 EQ 722
02/12/09 TU 722 EQ 704 EX 690
EQ sensitive to inqs & student loan.
Regular Contributor
FocusOnFICO
Posts: 180
Registered: ‎05-01-2009
0

Re: PenFed hates me....becoming mutual

Tx----I just received my Addison card today :smileywink:.  I don't think I'll go for the 3.41%, as I'd need to do the obligatory 12 debit card purchases per month.....

 

Sounds like your plan should be fine.  My CSUN credit union originally had a five business day turn time to PenFed.  The next payment credited at PenFed the next business day.  The most recent is taking the whole five busines days..... not too consistent.  I am setting up enough money in PenFed by small amount direct deposit to start transferring the payments next month.  We'll see...


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Guardian
Posts: 1,148
Registered: ‎04-23-2008
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Re: PenFed hates me....becoming mutual

Yeah I am beginning to hate them too. They are doing alot of stupid stuff and they don't care. When you talk to the CSRs or through email, they are dismissive and blow you off. I was so thinking they were nice and better than most banks but they are just turning into not only as bad as them but also even worse in many ways. They are for example assessing me finance charges when according to their own policy if the balance is paid before the 25 day billing cycle, they should not. I have contacted them 3 times and they have not replied to me at all. Just ignored me. I don't have time to call them or I would and in the meantime two month of finance charges when according to terms, they should not. I have pulled most of my funds out of there and pretty much just use their credit card.

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Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
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Re: PenFed hates me....becoming mutual


Guardian wrote:
Yeah I am beginning to hate them too. They are doing alot of stupid stuff and they don't care. When you talk to the CSRs or through email, they are dismissive and blow you off. I was so thinking they were nice and better than most banks but they are just turning into not only as bad as them but also even worse in many ways. They are for example assessing me finance charges when according to their own policy if the balance is paid before the 25 day billing cycle, they should not. I have contacted them 3 times and they have not replied to me at all. Just ignored me. I don't have time to call them or I would and in the meantime two month of finance charges when according to terms, they should not. I have pulled most of my funds out of there and pretty much just use their credit card.

 

The PenFed credit card works fine.  I just can't seem to pay the dang thing in less than 10 days....and actually it was 15 days when you consider how long it took them to credit my wire transfer (5 days).  I mean, come on, holds on wire transfers for 3 days plus a weekend?.  10 day holds on cash payments?  

 

If I described what had happened, but made people guess the CCC, I bet I would get people saying First Premiere and like peers.

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
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Re: PenFed hates me....becoming mutual

[ Edited ]
I write a paper check (shrieks!) on my Wachovia checking account, deposit it at my local CU's ATM (which is CU24) into my PenFed checking account, go home and immediately make a transfer from my checking account to my CC's. (I believe $1K of my deposit is immediately available.) The CC's reflect the payment the next day most of the time and only under very rare circumstances is it the second day. It is never later.
Message Edited by creditwherecreditisdue on 07-27-2009 11:40 PM
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
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Re: PenFed hates me....becoming mutual

I'm assuming you are all PenFed grown up (more than 6 months member old)?  :smileyhappy:

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549

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