Help With Transferring Money

[Credit_Master]

Hello everyone,

I am seeking help with figuring out the fastest way to transfer money from my Ameris Bank account to my PenFed account. I use Zelle through Ameris to tranfer money in to my daughter's account with Wells Fargo and it is instant. I love this feature but unfortunately PenFed doesn't offer it. I have external accounts set up with each bank and it usually takes about 2 to 3 days for the transfers either way to process. Does anyone know of a workaround to make this quicker? I am looking at opening an account at State Department Federal Credit Union in the future because they offer Zelle and it is so convenient.

Thanks,

Credit_Master

[Kforce]

With Zella every bank/cu has different amounts they will let you process per day, week and month.

Research with each institution is required unless you are moving small amounts of money.

Some have extremely low limits like 500/day & 2000/month while others 2,000/week & 5,000/month.

Zella can be fast but the limits can be a problem.

ACH transfers also vary in limit amounts and speed.  Amounts are usually much higher and speed depend on which institutions are involved.  Have a few CU's that money moves between in one day, most others two, and one that always takes three.  Pushing a payment is usually faster than requesting a payment.  Most pulls are at minimum two and average three.  If speed on ACH is an issue "Push" the payment.

[ccquest]

Maybe write yourself a check?

SoFi has been pretty good for me moving money around, usually shows as available pretty quickly. Either way, just be careful that there's no transfer / push fees to be aware of from whichever bank.

[SouthJamaica]

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@Credit_Master wrote:

Hello everyone,

I am seeking help with figuring out the fastest way to transfer money from my Ameris Bank account to my PenFed account. I use Zelle through Ameris to tranfer money in to my daughter's account with Wells Fargo and it is instant. I love this feature but unfortunately PenFed doesn't offer it. I have external accounts set up with each bank and it usually takes about 2 to 3 days for the transfers either way to process. Does anyone know of a workaround to make this quicker? I am looking at opening an account at State Department Federal Credit Union in the future because they offer Zelle and it is so convenient.

Thanks,

Credit_Master

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In my experience the fastest way to do an ACH transfer to PenFed is to pull it through the PenFed site from the external account.

[Credit_Master]

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@SouthJamaica wrote:

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@Credit_Master wrote:

Hello everyone,

I am seeking help with figuring out the fastest way to transfer money from my Ameris Bank account to my PenFed account. I use Zelle through Ameris to tranfer money in to my daughter's account with Wells Fargo and it is instant. I love this feature but unfortunately PenFed doesn't offer it. I have external accounts set up with each bank and it usually takes about 2 to 3 days for the transfers either way to process. Does anyone know of a workaround to make this quicker? I am looking at opening an account at State Department Federal Credit Union in the future because they offer Zelle and it is so convenient.

Thanks,

Credit_Master

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In my experience the fastest way to do an ACH transfer to PenFed is to pull it through the PenFed site from the external account.

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Thank you so much @SouthJamaica!