Working with T V Sales office via Citizen's First makes paying your $$ for house purchase closings super easy but the reverse, getting paid not so much.

When I bought my 2nd house my escrow agent never sent me any final closing numbers to transfer the $$ until the morning of closing. I went into the branch to transfer the $$. I didn't have to fill anything out to pay the escrow acct to T V Sales office. Simple and quick.

T V and Citizen's First seems to be an "all in the family business". Loved how simple that was. Just a stamp the cashier put on my hand written check and I was out the door, no i d or signature needed. Money instantly went next door.

Selling my 1st house in T V, yeah, T V uses Citizen's First and had to wait for snail mail check even using the account I just used to pay T V escrow.

Money makes them interest for days while waiting for old fashioned check to arrive via snail mail.

A family member was the seller on my current second house in T V. They had to wait about 5 business days to get their old fashioned check via snail mail.

T V, a well oiled machine. Makes good business cents to hold on to $$ as long as they can. What's one to do about that frustration?

Get in your golf cart and enjoy the ride of the day.

(I'm with Pugchief, love the popcorn.)

[TomPerry]

Originally Posted by frayedends

We opened a Citizen's first account when we bought down there for our part time home. Figured it's easy to pay the mortgage and keep a separate account for all our Florida expenses.

But I'm thinking of dumping them. First, when I do an external transfer from my bank up here in MA, I can only do $2K each time. It takes them 3 business days to post an electronic tranfer, which is absurd. Not only that, they remove it from my bank here immediately. So what they are doing is keeping the 2K for 3 days, and making interest off it before they post it. Never had this issue with banks up here.

The 2K limit is frustrating as I have to make multiple transfers to keep my balance high enough for mortgage and all expenses. I'm not down there to make larger deposits in person.

Anyhow, just a gripe. Other banks you prefer?

I love Citizens First Bank! MANY branches and probably 100 ATMs in The Villages, free checking for Veterans, and free Popcorn! The staff is alway friendly and helpful! There is a simple solution to your problem! Do this:

1. Download and install their APP on your cell phone.
2. Write yourself a check from your MA bank.
3. Login into your APP
4. Make a Mobile Deposit (follow the simple instructions).
5. If your MA account has a sufficient balance, the check will be accepted and you can use the money the next business day. The Limit is $5,000 per check.
6. Da.

[geosits]

Ever think about calling the bank and asking them, just saying.

[mambeg]

Use a bank that has branches in both states. Just start a new account for the Florida branch

[ldj1938]

You are doing the wrong type of transfer.
You need to connect your accounts. If you can't figure it out the bank will help.
When you connect your accounts the xfer is almost immediate. I do it all the time for my investments. I'm also connected to my daughters account in Wisconsin, easy peasy.
Just need your routing number and account number off a check.

Originally Posted by frayedends

We opened a Citizen's first account when we bought down there for our part time home. Figured it's easy to pay the mortgage and keep a separate account for all our Florida expenses.

But I'm thinking of dumping them. First, when I do an external transfer from my bank up here in MA, I can only do $2K each time. It takes them 3 business days to post an electronic tranfer, which is absurd. Not only that, they remove it from my bank here immediately. So what they are doing is keeping the 2K for 3 days, and making interest off it before they post it. Never had this issue with banks up here.

The 2K limit is frustrating as I have to make multiple transfers to keep my balance high enough for mortgage and all expenses. I'm not down there to make larger deposits in person.

Anyhow, just a gripe. Other banks you prefer?

[frayedends]

Originally Posted by geosits

Ever think about calling the bank and asking them, just saying.

Asking them what?

[CCristella]

Wells Fargo

[frayedends]

Originally Posted by TomPerry

I love Citizens First Bank! MANY branches and probably 100 ATMs in The Villages, free checking for Veterans, and free Popcorn! The staff is alway friendly and helpful! There is a simple solution to your problem! Do this:

1. Download and install their APP on your cell phone.
2. Write yourself a check from your MA bank.
3. Login into your APP
4. Make a Mobile Deposit (follow the simple instructions).
5. If your MA account has a sufficient balance, the check will be accepted and you can use the money the next business day. The Limit is $5,000 per check.
6. Da.

Write a check? What is it 1980? LOL

[retiredguy123]

Originally Posted by GizmoWhiskers

Working with T V Sales office via Citizen's First makes paying your $$ for house purchase closings super easy but the reverse, getting paid not so much.

When I bought my 2nd house my escrow agent never sent me any final closing numbers to transfer the $$ until the morning of closing. I went into the branch to transfer the $$. I didn't have to fill anything out to pay the escrow acct to T V Sales office. Simple and quick.

T V and Citizen's First seems to be an "all in the family business". Loved how simple that was. Just a stamp the cashier put on my hand written check and I was out the door, no i d or signature needed. Money instantly went next door.

Selling my 1st house in T V, yeah, T V uses Citizen's First and had to wait for snail mail check even using the account I just used to pay T V escrow.

Money makes them interest for days while waiting for old fashioned check to arrive via snail mail.

A family member was the seller on my current second house in T V. They had to wait about 5 business days to get their old fashioned check via snail mail.

T V, a well oiled machine. Makes good business cents to hold on to $$ as long as they can. What's one to do about that frustration?

Get in your golf cart and enjoy the ride of the day.

(I'm with Pugchief, love the popcorn.)

As a buyer, one thing you can do is to demand to receive the settlement statement at least a day before the closing. When I buy a house, I always tell the seller's agent and the closing company that, if I don't receive the statement a day in advance, they will need to reschedule the closing. They have always complied.

[mickey100]

We opted not to use Citizens just as a matter of principle. The "family" has their fingers in the finances of many local businesses including Citizens. When we shopped for mortgages Citizens was charging more than other banks, for example. It's good business for them, but not for the consumers. We use Chase bank and Schwab.

[Gunny2403]

Contact the Branch Manager and request that the limit be increased. I did this with my Pittsburgh Bank. I have a $10,000 limit.

[Sandy and Ed]

the question is where money is recorded during these two or three day lapse. It is not recorded in either of your accounts but it must be recorded somewhere. There is “float” available to either bank or perhaps some interim account?? Just wondering.

[JGibson]

Originally Posted by TomPerry

I love Citizens First Bank! MANY branches and probably 100 ATMs in The Villages, free checking for Veterans, and free Popcorn! The staff is alway friendly and helpful! There is a simple solution to your problem! Do this:

1. Download and install their APP on your cell phone.
2. Write yourself a check from your MA bank.
3. Login into your APP
4. Make a Mobile Deposit (follow the simple instructions).
5. If your MA account has a sufficient balance, the check will be accepted and you can use the money the next business day. The Limit is $5,000 per check.
6. Da.

Or just go to the bank with your MA check and there is no $5k limit.

[splashes]

If you transfer from your MA bank to citizens there should be no limit. If you request cb to transfer from your ma bank there is a limit

[JGibson]

If you do get scammed good luck at those corporate banks.

First Citizen is very good at recovering stolen money.

The only knock I have is if you use their debit card you don't get a notification until a day or so later unlike immediately with corporate banks.

I feel more like a person at First Citizens than just a number.