It seems like they prioritize wire issues when there's a deadline. Customer service was helpful and responsive though. Everything went smoothly afterwards though. But it took probably an hour of working with customer service to get it working. I contacted customer service, and they admitted to some system problem, and found a workaround to allow the wire to be scheduled. What is the quickest and cheapest way to transfer a large amount, say 20K or more, to her account I'd prefer to stay away from fees and any tax issues. Closing was Tuesday June 1st, so a few days prior I tried initiating the wire to be sent on the first, but it kept saying that June 1st was a holiday or weekend, and wouldn't let me submit. You play it even safer by scheduling it a few days ahead of time, because apparently wires are sent first come first serveĪlly did have one problem though. As long as you send it early, it seems like there's a good chance it'll arrive same day. I sent $131k and it arrived in a few hours later at escrow. They doesn't have a limit from what I can tell. ago Posted by WorrryWort Close to 75k Wire Transfer Being Held Up By Wells Fargo I initiated a domestic wire transfer through our bank PNC on February 19th going to Wells Fargo. Funds transferred between Wells Fargo accounts are available immediately as long as the transaction is made by 8 p.m. Close to 75k Wire Transfer Being Held Up By Wells Fargo : r/Banking r/Banking 2 yr. So my plan is to send $25k from Chase, then the remainder from Ally.Ĭhase has a daily wire transfer limit of $25k, but can be increased to an indefinite amount by going in-person to a branch. The Wells Fargo mobile app lets you transfer funds between Wells Fargo accounts or between a Wells Fargo account and one at another financial institution. However, customer support verified that wires initiated at branches have no limit, but they do have a slightly higher fee at $35 instead of $25 for online wires. To get started with initiating a Wire Transfer via Online Banking, simply log in to your. Please note: The transfer limits above apply only to transfers made. My chase checking account has a $25k daily online wire limit, and it cannot be increased. Its also nice to know you can receive wired funds as well. Transactions are limited up to 2,500 per transaction, 5,000 daily (subject to change). They do randomly select wires for additional approval, where they will call you to confirm the wire. #Wells fargo online wire transfer limit updateFwiw I sent $32k EMD a few weeks back without issue, but will the $131k be a problem?Įdit: Update for those following, or anybody searching in the future.Īlly finally responded to me. I've reached-out to support, but haven't heard a response so far. Is there any way I can get around this? Could they temporarily raise the limit?ĭoes Ally have daily wire limits? I can't find any documentation anywhere. I'm concerned about wire limits, and how they could affect closing:Ĭhase appears to have a daily wire limit of $25k. I have this spread across three accounts:Īlly - $131k in my account + $40k in my wife's separate account. #Wells fargo online wire transfer limit plusI'm closing on a house Tuesday, and need to wire a bunch of money to escrow for the down payment plus closing costs.
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