FDIC/NCUA insurance question (re: Pentagon Federal)

[JohnEyles]

Quote:

Originally Posted by Nords Quote: They indicated I would have to have my bank wire anything over 10k ... I've only been with PenFed since last August, and back then I executed multiple EFTs of about $9000 each with no holds or other limits...

Not to be a smartass, Nords, but I think $9000 is less than $10K

Speaking of PenFed, I just saw a PBS thing about military families coping
with "deployment" and definitely feel like this NMFA (the thing non-military
folk like me must join in order to join PFCU) is a worthy cause; I believe I'll
re-up even though it ain't required to maintain PFCU membership.

[Nords]

Quote:

Originally Posted by JohnEyles Not to be a smartass, Nords, but I think $9000 is less than $10K

No, but more than one of them accomplishes the same >$10K result without triggering any of their anti-terrorism precautions. Seems pretty silly to have a rule if it's that easily circumvented...

[JohnEyles]

Quote:

Originally Posted by Nords No, but more than one of them accomplishes the same >$10K result without triggering any of their anti-terrorism precautions. Seems pretty silly to have a rule if it's that easily circumvented...

Oh ok, I see your point.

Kinda like the 3oz containers of liquids in your carry-on !

[HFWR]

Take me to Cuba, or I'll shampoo the entire plane...

[bosco]

Quote:

Originally Posted by JohnEyles Oh ok, I see your point. Kinda like the 3oz containers of liquids in your carry-on !

not exactly--you are only allowed one 3 oz container. So the only way to circumvent it would be to make several round trips and bring 3 oz each time. But if you did that, it might be quicker just to check a bag....