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Jason_08
Jason_08

Has anyone run into this error message with Schwab when trying to add a new external account to be linked?:

Maximum Threshold Reached
The maximum threshold to perform verification has been reached. No additional account verification is allowed.

I even tried deleting an existing link, but still get the same error message. I have linked 2 new accounts in the past 90 days, but don’t think 2 accounts should be too much too fast 😛

JR
JR

Yes, I’m getting an error currently when trying to delete an old external account. Not sure what’s going on, but something on their end is messed up.

Jason_08
Jason_08

Try calling in to their tech support/move money department.

I called in, and they initially told me it was an issue with Chase (I was trying to link a Chase account and apparently Chase is having issues with other banks trying to link with them).

But I did some more testing (I was able to add the Chase account under P2’s Schwab account just fine. And then I tried to link a different account and still got the same error. So I called in again. And they finally got some tech’s on the line, and they were able to fix it. Something to do with the number of external accounts I have linked. They did initially think it was cuz of the number failed attempts, but I haven’t had any failed attempts recently.

ne
ne

who allows the most linked accts?
who allows the lowest ACH amounts, under 1$ ?

Larry
Larry

I would not recommend Marcus as a Hub. Aside from people mentioning holds on pulls, they also lock your account and require contacting fraud dept on large pushes. I don’t know what the minimum amount is that triggers this, but $75k will trigger. Requires 3-way call with destination bank to resolve. Also, you can’t access Marcus account outside the US.

Ron
Ron

I’ve been using Morgan Stanley Cash Plus as my hub account and has worked surprisingly well. I currently have close to 20 external accounts linked that I can even give nicknames to, free checks, fast transfers, etc. They claim up to 250k can be transferred daily, 1 million monthly. Mobile check deposits up to 250k in a month.

Taz
Taz

DP for SoFi
Currently a non direct deposit account
4 month old account

5 account limit for linking
About 5 business day push and pull initiated by SoFi for both. Held funds for 5 business days.

$5,000 daily limit
$10,000 monthly limit
Gives me a notification about these limits whenever I try inputting a larger amount.

Shirley
Shirley

Anyone have any ideas on which of the above hub accounts have the best transfer capabilities that I’m looking for.

I’m looking for one that allows at least a $20,000 push and/ or pull, pushes funds within one or two days and has a reasonable hold time when pulling funds, no more than 2-3 days at the most.

I’ve eliminated Marcus because they hold pulled funds for a week, Fidelity because their hold on funds is up to 10 days and Ally because as others have experienced, I’m unable to add new transfer accounts. I’ve considered Chase because they transfer funds to and from fast but don’t trust that they won’t lock up my account like they did once so don’t want to take that chance every time I want to do a transfer.

Any suggestions will be appreciated.

Looney Tunes
Looney Tunes

I hope someone responds, I could use a new hub account similar to what you are looking for. I just had my Chase account locked because I tried to pull some funds from my PNC account even though I had pushed funds to the same PNC account last week.

Was told by the fraud department that unlocked my account, that until Chase receives funds from the new account by way of a check deposit or a push from the new account, they will treat any pull as fraud and not allow any funds to be transferred to the new account into Chase, no matter how much money is attempted to be pulled.

midas89
midas89

@Looney Tunes … Sadly, whatever bank you choose will have some negatives, even if they’re only temporary. It’s hard to get everything: High Transfer Limits, High Amount of External Accounts One Can link, Low Hold Times, No Freezing of Account When Trying to Push Out Money, and Decent Interest Rate. Citizens Access has excellent limits, a decent rate, fast transfer times if you push money out, allows 10 externals, but if you pull money in via Citizens there is a 5-day hold time. And the first time you transfer to your newly-added external, you have to verify with their security department.

Chase is notorious for locking accounts. I will only transfer out from Chase and not pull out money from my external banks…and even then, I call their fraud department in advance if the push out is over $25K. They allow $100K per day, as you know.

Good luck as you hunt for the perfect Hub bank.

midas89
midas89

Shirley Alliant Credit Union might be a good Hub for you based on your “requirements” … Alliant Credit Union offers easy membership eligibility for everyone. I have been with them since 2008, and have never had a problem. If you pull money into your Alliant account, availability will be speedy. They are not enforcing Regulation D.

From Alliant website regarding ACH Transfers:
“Are there limits for incoming ACH transfers? Per transfer or per day?
The limit for same-day ACH transfers is $25,000 per day. This is the same limit that Alliant has for all ACH transfers.”

From Alliant regarding membership: “If you are not eligible through another option you can become a member of Foster Care to Success (FC2S) and become eligible for Alliant membership. FC2S serves thousands of foster teens across the United States, focusing on those who are aging out of the foster care system. FC2S awards grants and scholarships for higher education and provides care packages, mentoring and internships. (Alliant will pay the one-time $5 membership fee to FC2S on the member’s behalf.)”

Shirley
Shirley

Thanks for the suggestion midas89 I’ll look into it.

Wonder if what Looney Tunes says is correct about Chase, as long as you do an initial push from a new account into Chase, that will prevent the fraud department from locking one’s account when doing a pull into Chase in the future.

Looney Tunes
Looney Tunes

midas89 do you know how many external accounts Alliant allows you to setup?

Jim
Jim
Looney Tunes
Looney Tunes

Thanks Jim saw the first half but not the second half in the table. Do you know if it is like Ally when you meet the maximum allowed, no matter how many of them you delete, they won’t let you add any more or is that only Ally specific?

Jim
Jim

Nope, Alliant doesn’t have that issue. You can add/delete as needed, as long as 25 at a time.

Then again, with Ally, I encountered the max limit as several of you have noted, but was able to resolve it by calling in.

Initially, when Ally wouldn’t let me add more accounts even though I had culled it to 10-15, I called in to complain a few times before finally someone knew how to resolve it. A support ticket was created. Basically I provided the other bank’s routing and account numbers, and that was documented in the ticket. Then a separate department within Ally called Loss Prevention/Fraud/Counter Measures would manually approve each additional external linked account. A week or two later, I would either call in to check on the status, or they’d call me, but the linked account would be approved.

Later on, I would call in every time, refer to that specific ticket number so the phone rep knew what to do, escalate it to fraud, and then they’d manually approve it.

After I did this for ~5 accounts, it became tedious, so on one of these calls, I asked Ally to see about fixing it so I don’t have to call in every time — to basically abide by their own 20 accounts limit. The phone rep created a separate ticket for this request, but I didn’t imagine they could do anything to address it. But a month later, they called me and said it was fixed. They couldn’t tell me what was done, but it worked.

Ever since, I’ve had no issues adding more accounts, as long as it’s within the 20 limit..

Anyhow, Alliant’s website/interface is easier to use, and I largely switched over to them years ago. But occasionally, I use Ally to trigger bonuses and to transfer larger amounts around as Alliant has lower limits.

Looney Tunes
Looney Tunes

Thanks for the reply and info Jim . I’m still getting the runaround after numerous times calling and even after speaking with the fraud department last week. He said my issue was resolved and ticket closed on Dec 2 (of course no one advised me of that) but when I tried last week, still could not create a new account so now I guess the ticket is again open per that rep.

No way to run a bank that’s for sure.

Jim
Jim

Yea, definitely puts the onus on the account holder to do all the calling/legwork, which is poor business practice.

I’m not surprised they didn’t notify you of the status. I had to call in myself about a ~quarter of the time. I just put it in my Calendar to call after a few weeks if they didn’t call me first.

Keep at it, hopefully they fix your account internally with some more time

Looney Tunes
Looney Tunes

I wouldn’t even mind if I had to call to have one of their reps create the account for me but even that didn’t work. Have been stuck trying to move large sums around with banks/ credit unions that have small transfer amounts so has been a frustrating affair.

Thanks for your time and info.

midas89
midas89

Looney Tunes I currently have 12 external accounts linked at Alliant Credit Union. I don’t know the total, but I see that it has been posted here that Alliant allows 25.

Harold
Harold

I recommend CIBC Agility. They hold incoming transfers for two days and they allow large transfers (after the first 30 days). Transfers are next day.

Shirley
Shirley

That looks like a good one, anyone have any info on CIBC bank as a hub bank, have never seen them mentioned any where before.

Harold
Harold

I’ve been using them for years. An issue is that they don’t have the top interest rates. But its easy enough to push funds that you don’t need for a while to a top bank like CFG. Also, they have eliminated the six monthly transaction limit.

The biggest problem is that they don’t allow ACH pushes for the first 30 days.

Harold
Harold

A bad thing about CIBC: Transfers into your account at CIBC will be available on the 11th business day after receipt into your account if your account has been open 90 days or less.

Bockrr
Bockrr

Not sure if this is spelled out anywhere or only those of us who have run up against it have noticed, but USAA does not allow you to add more than 6 accounts in 6 months. They also do not allow you to have more than 7 accounts total linked, unless you had them added before the limit was implemented (late 2021?)

quango
quango

discover is not a good hub account. I added 3 external accounts and it locked me out. seems like others have ran into the same issue: https://www.reddit.com/r/discover/comments/wy2u9j/discover_locked_my_savings_account_for_adding/

William Charles

quango
quango

update: just got off the phone with discover. so the issue was due to my attempt to link Chime. There is a list of banks that are blocked and any attempts to link them as an external attempt will result in an account freeze. I wasn’t able to get a list of blocked institutions and the rep only said the bank corp is one of them (which chime uses)

Bockrr
Bockrr

SoFi is another popular Bancorp bank. USAA won’t allow Chime either (doesn’t recognize routing #) but works fine with SoFi.

Brian
Brian

How to check out of navy federal cu member to member does it send code to phone or to email ?

Beltway
Beltway

The listing for Citizens Bank claims a $3 fee for ACH transfers. I see no evidence to support this.

Also, SunTrust and BB&T have merged into Truist ($3 outbound ACH, free inbound).