topic Re: External transfer fee? in Personal Finance

External transfer fee?

xenon3030 — Wed, 21 Feb 2018 07:34:50 GMT

Is there any fee for external transfers e.g. using Chase or Citi to other banks like Discover (possible fees from either the origin bank or the destination bank)?

Re: External transfer fee?

SouthJamaica — Wed, 21 Feb 2018 12:18:41 GMT

@xenon3030wrote:
Is there any fee for external transfers e.g. using Chase or Citi to other banks like Discover (possible fees from either the origin bank or the destination bank)?

Almost never. I once did see a small credit union trying to charge for it, but they dropped the policy almost immediately.

Re: External transfer fee?

DaveInAZ — Wed, 21 Feb 2018 13:24:27 GMT

If they do they should tell you before doing the transfer. As I remember BoA wanted to charge me a fee. But Discover never charges a fee. So to be safe, do it the other way - link the external accounts in Discover and then do an ACH pull from them into Discover.

Re: External transfer fee?

CreditCuriosity — Wed, 21 Feb 2018 20:14:55 GMT

Us Bank charges a stupid 3 fee at least with gold checking how out-of-date are they.

Re: External transfer fee?

xenon3030 — Wed, 21 Feb 2018 21:13:35 GMT

If I remember correctly, BA charged 20-30$ for an external transfer and without prior notification, around 2-3 years ago.

Re: External transfer fee?

Anonymous — Wed, 21 Feb 2018 21:54:18 GMT

There are 2 types of transfers, ACH (2-4 days) or wire transfer (instant). Most banks do not charge ACH fees but not all, out of my army of deposit accounts, only TD bank and DCU charges a fee if the ACH is initiated by them. On the hand, most banks do charge for wire transfer but some banks will waive the fee for incomings.

Re: External transfer fee?

xenon3030 — Wed, 21 Feb 2018 22:05:30 GMT

That one with a high probability was an ACH transfer. Maybe they dropped the fee recently.

Re: External transfer fee?

Anonymous — Sun, 04 Mar 2018 19:28:06 GMT

state dept FCU also charges depending on how soon you want to transfer money. If its instantaneous ( call it wire transfer if you like) or 3-4 days the amount of fee varies but its not ever zero.

thats state dept fcu.