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Old 07-18-2012, 11:43 AM   #1
MrMaxwell
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Wiring money to a savings account

Someone just told me it can't be done... I haven't received a wire in years and can't remember what type of accounts I had, but, I'm pretty sure there's no reason in the world a savings account wouldn't take a wire.... right?
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Old 07-18-2012, 11:44 AM   #2
Sly
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Savings accounts have restrictions on them. They were not created to use as a checking account, they were created to use as a savings account. I'm not sure whether or not they can accept wires, but I would not be surprised if they can't.
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Old 07-18-2012, 11:45 AM   #3
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Should be no problem, but each bank can set those kinds of rules if they wanted.
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Old 07-18-2012, 11:45 AM   #4
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Quote:
Originally Posted by Sly View Post
Savings accounts have restrictions on them. They were not created to use as a checking account, they were created to use as a savings account. I'm not sure whether or not they can accept wires, but I would not be surprised if they can't.

Jesus on the moon.. do checking accounts generally have a limit on them??

Christ on a cracker here I am I'm going to have to call the bank

Sigh
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Old 07-18-2012, 11:46 AM   #5
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I bank at two different banks. One is Regions and you can have money wired into the savings. Another is just a local bank and you can not accept wires or direct deposits so I think it varies from one bank to another.
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Old 07-18-2012, 11:46 AM   #6
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I would be quite surprised if this was true. Why aren't you asking your bank instead of GFY?
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Old 07-18-2012, 11:48 AM   #7
Sly
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Quote:
Originally Posted by MrMaxwell View Post
Jesus on the moon.. do checking accounts generally have a limit on them??

Christ on a cracker here I am I'm going to have to call the bank

Sigh
You probably need to call your bank anyway to get the routing information. Kill two birds.
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Old 07-18-2012, 11:49 AM   #8
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I can wire money to my savings account. No problem. But I don't use a USA bank, so...
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