I would be interested in hearing a conversation on this topic. With interest rates going down I am finding it difficult making external transfers even though I have set them up for both to/and from at both banks I want to make the transfers at.
For instance BankUnited just lowered their MM rate from 2 to 1.75. I have BOA set up to transfer money to and from at BankUnited (which does not supply checks). BankUnited only allows transfers of $2K max a day with $15K per month max to external banks. So I set up transfer both to and from on my BOA account but BOA only allows $2K max a day with $6K limit from outside banks.
These limits make it very difficult move dollars around when rates drop or go up. The only solution I have found is to buy checks and make transfers the old fashion way.
Am I missing something?