What is the advantage using gold pay vs. going to the bank and wiring the money through the bank? Thinking about using gold pay but not sure.
gold pay vs bankwire
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bilkenRestricted User
- 09-02-09
- 26
#1gold pay vs bankwireTags: None -
PeepSBR MVP
- 06-23-08
- 2295
#2That's easy.
You (1) don't have to go to the bank to fund or collect from a book and (2) You just need a click of a mouse to fund.Comment -
bilkenRestricted User
- 09-02-09
- 26
#3Ok thanks peep gold pay seems like a convenient optionComment -
jackkkk2009SBR MVP
- 07-13-09
- 1183
#4However, you will need to go to ** or ** to send funds to your gold-pay account with cash.Comment -
LordVodkaSBR Hall of Famer
- 08-17-09
- 5206
#5Keep in mind that GP charges you a fee for the deposit.Comment -
PeepSBR MVP
- 06-23-08
- 2295
#6Good points about the downside of GP.
I was speaking from the viewpoint of having (and keeping) your GP account funded.
If you can't keep it funded through profits, it is a bitch to get money into.Comment -
LordVodkaSBR Hall of Famer
- 08-17-09
- 5206
#7Here's another downside from GP:
Effective May 1st
GP will no longer process deposits and withdrawals for **, **, Xoom and credit cards on Saturdays.Comment -
Igetp2sSBR MVP
- 05-21-07
- 1046
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bilkenRestricted User
- 09-02-09
- 26
#9Good point Igetp2s but TD bank dose not have online bank wire so I do have to go to the bank to make a a bank wireComment -
bilkenRestricted User
- 09-02-09
- 26
#10So what your saying is if you make about 5 or six bank wire deposits in a year to GP the banks may throw up red flags and question me.Comment -
PeepSBR MVP
- 06-23-08
- 2295
#11
What I did was put $100 in GP through V-I-S-A. Cost me $8 to put in $108. I then made 4 $25 deposits GP. One each to 5 Dimes, The Greek, Matchbook and Easystreet.
That made me eligible to get withdrawals from them through GP (any amount I requested).
That let me fund my GP to a reasonable level, with no fees since the books let me withdraw GP no charge.Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#12scotiabank allows you to deposit ** online through your bank accountComment -
bilkenRestricted User
- 09-02-09
- 26
#13Thanks Peep that is a good ideaComment -
bilkenRestricted User
- 09-02-09
- 26
#14OK thespeculator if there is a scotiabank in the US I will open an accountComment -
loydSBR Sharp
- 02-16-10
- 376
#15this is an old thread but did anyone manage to make a withdrawal from his GP account by bankwire?Comment
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