I've got a CD maturing at Navy tomorrow whose cash proceeds I want to get over to Merchants. Merchants no longer allows ACH drafts on their end, so I'm stuck with pushes from Navy -- whose daily limit, I learned today, is a mere $5k.
So I'm thinking to use Chase as an intermediary. From past experience, I don't think they have problems pulling or pushing large sums. So I could use Chase to pull from Navy, and then push to Merchants.
My question is, instead of an ACH pull from Navy (initiated at Chase) whether, for expediency's sake, it's actually better tomorrow to simply deposit into Chase a personal check drawn on my Navy checking account.
Bottom line, I'm wondering which fund transfer process -- ACH, or check -- would be more "trusted" in order to have my money available sooner, at Chase . . . in order to then push to Merchants. Does it make any difference? (As an experiment, I thought I might split the CD cash, pulling half to Chase via ACH, and writing Chase a check from Navy for the other half.)
Unstated is that I'm disinclined to pay Navy's $14 wire transfer fee, in order to send my matured CD's cash directly over to Merchants.