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-   -   Wiring money to a savings account (https://gfy.com/showthread.php?t=1075082)

MrMaxwell 07-18-2012 11:43 AM

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?

Sly 07-18-2012 11:44 AM

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.

shake 07-18-2012 11:45 AM

Should be no problem, but each bank can set those kinds of rules if they wanted.

MrMaxwell 07-18-2012 11:45 AM

Quote:

Originally Posted by Sly (Post 19066924)
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

Pink Misfit 07-18-2012 11:46 AM

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.

baddog 07-18-2012 11:46 AM

I would be quite surprised if this was true. Why aren't you asking your bank instead of GFY?

Sly 07-18-2012 11:48 AM

Quote:

Originally Posted by MrMaxwell (Post 19066927)
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.

DWB 07-18-2012 11:49 AM

I can wire money to my savings account. No problem. But I don't use a USA bank, so...


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