Your Questions About Business Online Banking
Sandy asks…
Is 7 business days enough time to pay a credit card through online banking?
I’m sending the payment through Bank of America, not Capital One. Some people are telling me at least 10 business days, and some people are telling me that I can send it the day the payment is due, so i’m very confused. Thanks!
Jere answers:
Ok I am assuming that you are paying your cap one credit card through your bank America checking account . If so it only takes a day or so . I do it every month. But you notice on your card payment page that there is a date that payment can be posted . As long as you are paying your bill on time you are ok with them . Say your payment is due tomorrow . You get online and make a payment from your checking account and the date posted should say today if you do it before it is too late , maybe 10:00 pm . That is usually good enough for a payment due tomorrow . But you really should pay at least 3 days before the due date just for good measure .
Also just for your info and good credit always make the minimum payment plus about 20 bucks . That way your credit score goes up. Minimum payments adversely affect your score as dose paying it all off every month ( which really just does not improve it ) Always owe a little to show you pay in the long run . Never charge on more than two accounts at the same time , looks bad .
From personal experience and truecredit.com . Brought my score way up from nothing and no credit . True credit is a great service for the price . Lots of good info
Maria asks…
i made an online payment using fifth third online banking, they claim it takes up to five business days?
but the operator told me it would definitely take five business days, it is the fifth business day and the money still has not posted. Is this a common problem with fifth third bank? Also does anyone know when the money will post or has experienced this issue before? I am considering closing my account. They are telling me to wait until tomorrow and give them a call.
Jere answers:
Are you paying a 5th/3rd account using the online service? Or are you using the 5th/3rd online billpay on your bank account to pay another bill?
If it’s the billpay, it is common for some payments to take 5 or more days. These are the ones that have to have a check mailed. Usually electronic bill payments take 2 or 3 days.
If you are paying a 5th/3rd account using their online service, this does not sound right at all. Typicall, companies draft your bank account and the transaction takes 2 or 3 days max.
Carol asks…
will online banking and business make cash obsolete?
Jere answers:
The pleasure to hold currency notes and to spend will never end, no matter, what the technology does and where it may lead.
Sandra asks…
Which bank is better for business banking? Regions bank or Centerstate bank?
Which bank is better for business banking? Regions bank or Centerstate bank?
Does either have free unlimited checking?
Which has the better online banking with the better bill payment service?
I run a S Corp…
I live in central florida.
Jere answers:
This sounds familiar. Again, figure out what works for you. If I told you one or the other, I would be doing you a disservice as I don’t know the details of what you want to do at the bank.
James asks…
What is the best online Business Money Market Account or CD that can be linked to an existing bank account?
I would like something to keep our emergency fund in that is liquid. Though I wouldn’t be opposed to CD laddering or a similar situation. I also want to make sure it is a large and reputable company… FDIC insured for CDs and other accounts… and hopefully ranked on Bankrate.com. I just can’t find many that accept business accounts for all the others which only take personal banking business.
Jere answers:
The best ones are the ones your bank offers, actually. All banks who have on-line services have these.
Powered by Yahoo! Answers