Transfers…To work or Not to work
My auto loan through this financial institution required me to also open a savings account as an “easy” way to transfer funds to pay the note. It’s not a penalty loan if I were to pay off early. However, it seems there is an underlying “cap” on what I can pay per month. I’ve tried paying a larger amount at once to knock the loan balance (from the savings account). Rejected. So, I kept lowering the amount until it accepted. Sweet. I tried doing additional transfers from savings, both the same day and after waiting multiple days between. I’m continuously getting pop up message stating it can’t and to try again later. I’ve even set up transfers for days in advance, with no reprieve. I do this again and again waiting a couple weeks and still the same result. Because of this, interest still accrues on the remaining balance when I’m trying to lower that balance. This is asinine.
Show less
