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so that thread is kinda what i want to know, but didnt really answer my questions

here is the situation:

I have always banked with NCSECU but i am moving to Fl for work in a week and obviously there arent going to be many ncsecu locations in Fl. However, NCSECU MM's make 4.5% so my ideal situation would be to open a checking account at a generic bank, like say wachovia, to use for general money needs and payments as well as a direct deposit location. However, for extra non-invested money, it would be nice to still be able to plunk it into my secu MM. Is there an easy way to do this online, like can i talk to both banks and make it so that i can transfer money into an account at another bank. obviously, on say secu's online site, i wouldnt expect to be able to do any banking things w/ my wachovia account other than dumping money into it and vice versa but is this possible at all?

if this is a pipe dream is there anything i could do that is almost as easy that would allow me to keep the high interest MM and do my checking elsewhere?

1/28/2007 5:39:01 PM

i do soemthing similar, without having a "link"

maintain your work paycheck moving into your account you'd like to keep the money in

write checks to yourself and deposit at wachovia accordingly, or say $500 at a time.

it works a-ok


(i just cant make deposits at the other account, since the closest branch is 400 miles away... so managing accordingly is interesting sometimes)

[Edited on January 28, 2007 at 5:43 PM. Reason : e]

1/28/2007 5:42:30 PM

1 - convert all your cash to gold coins and bury them in the yard.

2 - wait for the apocalypse

3 - profit

1/28/2007 5:49:25 PM

^^well would direct depositing the money into an nc account have tax implications?

fl has no income tax so i dont want to be in a situation where i pay state income tax in a state where i make no income. obviously i would have to pay any applicable tax on the interest from the bank account but i dont want to pay taxes on the big money.

1/28/2007 5:55:02 PM

Just do an online bank (easy to link to your brick and morter bank) for your money you want to make interest off of they pay more than SECU anyway (5.5-5%).

Keep a Fl bank for daily transactions and stuff.

I use SECU for daily stuff and have AMEX and Emigrant for my online savings/MM

[Edited on January 28, 2007 at 7:19 PM. Reason : .]

1/28/2007 7:17:23 PM

i use ING not only as a savings account but also to link between 3 B&M bank accounts i have. it takes a couple extra days, but when im playing around with rates and the fact that some banks i deal with dont have branches where i live anymore

ing works for me

1/28/2007 7:41:55 PM

just get an emigrant direct account. transfers money in 2-3 days for a savings account and makes over 5% interest. i just have a checking account and that.

[Edited on January 28, 2007 at 7:42 PM. Reason : ^ this as well. i dont have checks on my wachovia account so i use this as an easy transfer]

1/28/2007 7:42:02 PM

http://www.pfstuff.com - this guy keeps track of all of the highest yielding internet savings accounts. fyi, hsbc is currently 6.0% apy.

1/28/2007 8:41:08 PM

Get ING's new checking account

and link it to your B & M bank account

or just get an ING money market and close the old one

1/28/2007 10:11:19 PM

Quote :

"^^well would direct depositing the money into an nc account have tax implications? fl has no income tax so i dont want to be in a situation where i pay state income tax in a state where i make no income. obviously i would have to pay any applicable tax on the interest from the bank account but i dont want to pay taxes on the big money."

no.

if you address is local in your HR records, thats all that matters

1/28/2007 10:22:34 PM

You should be able to use any online deposit account as a go-between for the other two even if you don't want to bank with them. I used to use my Sharebuilder account to transfer money to my parents' account like this.

1/29/2007 5:51:48 AM

I'm in a similar situation and haven't found a "good" solution to this. I work in NC and one of my accounts is a credit union in VA. Thus far, I've got BillPay setup to write a check to myself that I can deposit when I visit VA (which is fairly frequently). I don't know if something like that would work for you. Other downside is the transfer isn't "instant", and still requires a manual deposit.

1/29/2007 6:46:17 AM