No idea. All I know is it typically took 2 days to move money from/to Chase/Fidelity a couple months ago.I thought with chase using fednow and TRP, even if receiving banks in not in fednow just yet, the receiving bank would get the $ same day with RTP, kind of best of both worlds? But I was reading chase fraud prevention makes the account very difficult to use though, where if you schedule a EFT push/pull they will flag it as fraud (unless that's just if the account is less than 90 days old), and there EFT and mobile deposit limits for the total or secure checking account is super low?I had a Chase checking account (that I had for 30+ years) and dumped it around 2 months ago. Transferring excess funds to Fido to get the interest became a pain. I've accepted the additional risks. And simplicity of only have one account for paying bills, interest and cash flow.Sure, absolutely, that's all true and it is why I have a lot of money with Fidelity and very little with Chase now--although I have Chase credit cards up the wazoo. I also shop for groceries at Walmart. In both cases my expectations for customer service are very, very low. The point here isn't to compare the two in some sort of overall "shoot-out" competition but to be aware of pitfalls that may result in a suboptimal experience. The best way to enjoy your relationship with Fidelity is to not have a problem.That's all fine...but Fidelity and Chase are not the same in more ways than one is a "real" bank. Fidelity has no monthly fees or minimums and Chase does. Fidelity pays almost 5% on a cash balance. Chase pays zero interest on most checking accounts and on some it pays .01% . Chase on most of their checking accounts doesn't reimburse ATM fees like Fidelity. So let's not just compare the bad with Fidelity to the good with Chase or other banks.
Statistics: Posted by michaeljc70 — Thu Aug 08, 2024 3:00 pm — Replies 81 — Views 8653