mur44 wrote:Even though we opened the Dream CD's 10 days ago, money is
yet to be pulled from our bank.
When can we expect the transactions to be completed?
Kevin and Maria, how about yours?
I think I've already documented my timeline, but to recap, the money was pulled from my external bank account the day after the application was approved and I was able to create an online account at NWFCU and see the CD. This was about a week ago. I applied 10/1, CD maturity date is shown as 10/1/2018, but deposit and open date are shown as 10/5/2015. Not sure if I'll earn interest from 10/1 or from 10/5.
However, for my fiancee who's timeline was just a little behind mine (applied same day, Oct. 1, but upload of DL and email follow up delayed by one day), we still have not seen the funds come out of her external bank account yet. Her maturity date is shown as 10/01/2018, but deposit and date opened are shown as 10/05/2015, as for me. As someone else said, she's making 4% during the overlap time, so no worries, unless there was an actual problem with the transfer (e.g., entered wrong account or routing number), in which case I'd expect she'd hear from NWFCU. Given all the others having delays here, I doubt it's a problem with the transfer.
For my Mom, who's timeline was more delayed, CD is shown as opened and funded on 10/7 on NWFCU site, and maturity date is 10/7/2018, but money still has not been pulled from her external account. Note that open dates and maturity dates here are consistent, but unlike mine or my fiancee's.
One difference is that my external account for the initial funding was a checking account, while for my mom and fiancee it was a savings account.
I'm not going to worry about the money not being pulled from the external accounts yet for now, so won't be doing any follow up calls or emails about it. It is strange though that it takes them this long to get around to the step that actually pulls the money into their credit union.