You’re welcome!
Most banks cut off ACH transfers around 9 AM ET, but sometimes later on the west coast. That means, the funds didn’t move until Monday morning around 9 AM. The funds could have been received day 1, Tuesday, in time for your payment, but a poor choice, in my opinion. ACH transfers work the way they work.
Don’t assume facts that aren’t in evidence. If you don’t know how something works, ask. The convenience is how they work, not the way you assume they work. The fact they don’t work the way you want or expect them to is really irrelevant. If that’s rude, I’m sorry. It’s just the way it works.
Goldman Sachs is the receiver, not the sender. If your funds weren’t available when you expected, how was Goldman Sachs supposed to speed them up? Please explain. Hey, listen, I just sent you $1,000, you’ll get it Monday, can I spend your $1,000 now? How exactly was Goldman supposed to fix your issue? If the money is not there, I’m not loaning (losing) money? Why should Goldman?
I get it you’re frustrated. I would have been too. I’ve spent a lot of time in finance and understand these how these service work and attempt to explain the best I can. Do I sometimes come across as crass or rude. Yup, probably so. But you engaged, learned. Sometimes that’s what’s need to move forward.
So, how do I move forward? Why do you have funds in a PNC savings account? Why were you sending funds to Apple Savings? Here’s what I do. I have about a $1,000 in large bank savings account for emergency. The bulk of my cash savings is in Apple Savings account. I have other investments that are diversified in other accounts based on my goals and needs at my stage in life.
What do I do if I need more than $1,000 nearly instantly? I transfer funds for free to Apple Cash. I can spend it using Apple Pay or transfer the funds to my large bank instantly for 1.75%. In an emergency, I could care less about 1.75% loss. Your financial requirements may be more than mine, so adjust your numbers to fit your circumstance.
Questions? I’m happy to talk about my experiences and explain how various services work. Again, sorry the interpretation of my comments. I apologize for the rudeness.
