So I’ve got new account at PenFed. I understand that I can’t use their billpay program for thirty days. Weird, but ok. I also understnad there is a $ 50 daily ACH limit for 6 months. Also weird, but thats where my question arises.
I sent customer service an email and asked. I can’t transfer more than $ 50 to another bank account or into the account from a linked external account. But what about if I send money from the linked account?
ie- I want to transfer $ 500 from my account with Chase to my Penfed account. Can I go onto the Chase website and transfer it, or will Penfed reject that incoming transfer??
Same thing with debit card usage. If I want to use my penfed debit card, is the limit also $ 50 for pos purchases and/or ATM limits?
I can’t get a definite answer, so hopefully someone here knows.