Bank to Bank transfers, linking external banks

I may be able to provide an executive level email address.

Can you transfer to a bank already approved and then transfer from that bank to the final destination?

It adds a step and will take additional time but it could be a work around.

The bank in question is CIBC - it's in the third paragraph .

I could use multiple banks sure, but that defeats the purpose, and their large ach limits ($130K or $150K). I suppose with that large of an amount, I would just make use of the free wire service. What ever the receiving bank charges would likely be less than any interest lost using a next day ach.

This covers outbound transfers, but not inbound.

I have other banks that also use PLAID with the trial deposit option NOT disabled.

Sent you a PM

^^How do I read private messages on here? I don't see a private message button... Link?

Digging around cibc's site, there's this page - https://www.cibc.com/en/privacy-security/protect-yourself-3r...

At the bottom, 2nd to last faq question, do not share credentials with any third party, no protection from bank if you do.

So it's ok to share other banks' credentials with third party but not cibc!@# Makes perfect sense.

There is no private messenger type thing here, the "contact" link on a person 'profile' simply sends an email.

Wild!

Well, no emails received, nothing in spam either.

Based on comments by soberbyker then look for an email. If you can’t find anything make sure the email address you have in your profile is correct.

Email in profile is correct and still working (for the past 25 years). Perhaps the email function here is broken.

Forgotten password does generate an email, albeit it ends up in spam. Your PM ended up in /dev/null, nowhere to be found.

I'd contact you, but profile file doesn't show a contact option.

Microsoft not having a good day - https://i.imgur.com/mqY44W4.png . Email addr I use on here is a hotmail acct.

And checked off “Send a copy to myself” which after 4 minutes doesn’t seem to have worked.

want internet banking rates, but as I learned, it was a royal PITA to get the "free" cashiers check including free next day FedEx.

It was simply a bad experience.

It wasn't a ridiculous amount but it wasn't nothing either, 60k.

I decided to leave the rest of the cash in SPRXX at Fidelity. It's 3.85% vs 3.4% at my online bank. I would not simply switch to multiple online banks, the one we have is linked to our 11 y.o.'s UGMA.

Even though Fidelity isn't insured, imho it's safe. And I know when they say the money is going to be in your bank next day, it really is. The internet bank was 3 days later than promised. They sent an apology email not admitting any fault, just saying we apologize for any inconvenience.

I won't lie, I was worried. So as far as Plaid goes, I think it's ok, no different than when you want to upload a 1099 and you have to login via a pass through.

I get it. People here tend to be cautious, and there's nothing wrong with that. Was it here people said you can't cancel XM as they will keep charging you (this I've found to not be the case), or is it another forum? Don't know. If unsure, err to the side of caution.

Because of my direct deposit, I often have funds sitting in non interest checking but local banks that I can walk into. When I think of it, I'll move the funds to internet savings. it's a very sloppy process on my part, sometimes I wasted $1.50/day in interest. Believe me, I care about $5/$10/$20/$30/mo, so shame on me.

^^I don't mind giving plaid the account/routing number of the external bank to create the link. Any transfers with that external bank will identify who made the transfer. My issue is giving login credentials to plaid, a third party I have no relationship with.

You may have been correct earlier when you mentioned the forum contact mechanism may not be working properly. The "send a copy to myself" option although checked off didn't work. Prior to making the attempted contact, I verified my email address was correct.

Executive level contacts for CIBC can be found at https://www.elliott.org/company-contacts/cibc-customer-servi.... Once there, scroll down a bit. I would start with the Senior Executive Vice-President and Head of Personal and Business Banking. Keep your content short and to the point. You likely won’t hjear back from the exact person but some level of Administrative Assistant.

When I bought a Tesla I found myself tracked into using Plaid. I grumbled but used it.

No troubles in my case.

@John, thanks, I'll give those a shot.

@archae86 Everyone has their own comfort levels. My concern mitigating losses and headaches if/when there's a data breach at plaid. No matter how well they claim they secure their systems, no one is exempt from data breaches.

Would you give a complete stranger keys to your house? Apparently some do, by way of digital access to garage (https://www.amazon.com/Amazon-Key-In-Garage-Delivery/b?ie=UT...). The whole concept seems insane.

In recent years I've done lots of bank promos. I can't think of a single one that REQUIRED login/pass to link an external account. They all offered the option to link with acct/routing numbers.

I sent you a test message John from PA and also check the send to me box, I haven't gotten anything, nothing in spam, checked my resident mail program as well as the email company's email interface. Nada.

Nothing at my end either.