They say my deposits are large - over $3,000+
I do them almost once year to buy a cd. Been with this credit union 4 years.
It's online only for me - I have a regular local checking account.
They start the 10 day hold AFTER my check clears my local bank
Now, I have learned that they are more apt to do this to reduce fraud.
They are not banks - they are owned by members.
I wonder if once my check with my local bank fully clears I can call them up and offer them two things:
1. I have a credit card with them. In case of fraud - they can take money out of my card.
I have plenty of limit to cover the check. They can even treat it as a cash advance if they want to.
2. They can use my other cd's as collateral.
One of them is 4 years old, the other is about 3. That will plenty cover the deposit I just made.
Do credit unions bargain like this?
Or will they just flat out laugh at me.
I really don't want another 2 week hold on this check I just sent them.
* can't do online transfers - their daily limits are low
* can't go in person - Alexandria VA - would take me days to get there
I am realizing that if they put 5 day holds on simple things, they could put 10 day holds on larger items.
I do them almost once year to buy a cd. Been with this credit union 4 years.
It's online only for me - I have a regular local checking account.
They start the 10 day hold AFTER my check clears my local bank
Now, I have learned that they are more apt to do this to reduce fraud.
They are not banks - they are owned by members.
I wonder if once my check with my local bank fully clears I can call them up and offer them two things:
1. I have a credit card with them. In case of fraud - they can take money out of my card.
I have plenty of limit to cover the check. They can even treat it as a cash advance if they want to.
2. They can use my other cd's as collateral.
One of them is 4 years old, the other is about 3. That will plenty cover the deposit I just made.
Do credit unions bargain like this?
Or will they just flat out laugh at me.
I really don't want another 2 week hold on this check I just sent them.
* can't do online transfers - their daily limits are low
* can't go in person - Alexandria VA - would take me days to get there
I am realizing that if they put 5 day holds on simple things, they could put 10 day holds on larger items.