<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by LIH Prem:
....Mary, I agree with you, I think they risk some exposure over this issue. It's not right. I don't mind if it takes them several days to post it, but for EFT payments, the transaction date should be posted as the same day the funds hit the account, similar to the way they post purchase/cash adv. transactions .. the transaction date and posting date are generally not the same, but you pay interest from the transaction date, not the posting date, if interest applies. For those that carry a balance, it makes a difference in how much interest they pay....
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Yes, you are right. I never recognized that:
"For those that carry a balance, it makes a difference in how much interest they pay"
I think FirstUSA/Bank1One should change this.
Money transfers can be very fast: Last week I received a SWIFT Wire-Transfer from Deutsche Bank in Germany to SunTrust, Atlanta in less than 2 hours...!!