PSECU New Transfer Policies July 2020

GH1
  |     |   1,055 posts since 2017

Received letter today about new policies for july 2020. For Shared Savings. Limiting to 6 per month. Normally 6 is for money markets at any other bank or CU. This is all fine as this policy is designed in encourage savings not to withdraw money. My problem is those transactions also include the agreed up transfers to cds set up in the CU. So even though i am still saving with the CU just moving from shared savings to the CD. It will count as one of the transfers. So anyone you may have 4 cds setup. and transfer to shared savings and then 4 movements to the cds, Your capped for the month. If i was taking money out i can see that limit. Anyone else received that letter today and understand it the same way i did ????



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