5Dimes payout question

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  • physed
    SBR MVP
    • 12-29-09
    • 1176

    #1
    5Dimes payout question
    I haven't requested a payout for awhile and remember when it was free on Monday's. Now I found out that it cost $60 for a fedex check. Are there any free payout options from 5 dimes anymore.
  • ThaWoj
    SBR Hall of Famer
    • 03-09-10
    • 6762

    #2
    it should still be free as long as you do it in the hours specified (8am to 11am est ??)

    also from what i understand its not totally free but they'll take off 40 bucks -- i.e. if the payout method was gonna cost 60 it would only cost u 20
    Comment
    • Sandro777
      SBR Sharp
      • 08-14-08
      • 368

      #3
      5dimes doesnt do free checks anymore. instant deposit only.

      Does anyone know how long an instant deposit payout should take? Mine was processed free monday morning.
      Comment
      • ThaWoj
        SBR Hall of Famer
        • 03-09-10
        • 6762

        #4
        mine was processed on early wednesday morning i think and i got the money monday afternoon
        Comment
        • richb7a
          Restricted User
          • 03-26-08
          • 346

          #5
          is there a dollar limit on instant deposit?
          Comment
          • playr101
            SBR MVP
            • 01-16-10
            • 2029

            #6
            I just asked this question in online chat with a rep...

            Bow: Redemption requests made on Mondays between 9:00 AM EST and 1:00 PM EST may not incur a transaction fee.
            Bow: you may have 1 every 30 days
            Bow: on a Monday


            gonna try tomorrow (Monday)

            FYI

            -playr101
            Comment
            • ngates815
              SBR Posting Legend
              • 12-01-09
              • 13845

              #7
              Originally posted by playr101
              I just asked this question in online chat with a rep...

              Bow: Redemption requests made on Mondays between 9:00 AM EST and 1:00 PM EST may not incur a transaction fee.
              Bow: you may have 1 every 30 days
              Bow: on a Monday


              gonna try tomorrow (Monday)

              FYI

              -playr101

              I did that last monday. It showed a 25 dollar fee, until it was processed, then the fee was transferred back into my account.
              Comment
              • goblinburner
                Restricted User
                • 11-28-10
                • 621

                #8
                Originally posted by Sandro777
                5dimes doesnt do free checks anymore. instant deposit only. Does anyone know how long an instant deposit payout should take? Mine was processed free monday morning.
                what is instant deposit and how do you recieve the money thanks in advance if someone can help me
                Comment
                • richb7a
                  Restricted User
                  • 03-26-08
                  • 346

                  #9
                  I would like to know how much, people have done with this? Been happy receiving checks, had a small problem they sent a newcheck went through fast in twodays. There is physical record with a check which I like.
                  Comment
                  • ngates815
                    SBR Posting Legend
                    • 12-01-09
                    • 13845

                    #10
                    Originally posted by goblinburner
                    what is instant deposit and how do you recieve the money thanks in advance if someone can help me

                    instant deposit...just give your bank routing number and account number. They deposit it directly into your account. I used to receive checks and just started doing this way. First time I requested Tuesday morning and was processed Tuesday at noon, and was available in my account on Friday. Requested one last Monday(thanksgiving week) and it was available yesterday, I had figured it may take a couple days longer with the holiday that week, so it didn't bother me. I also requested one yesterday and paid the 25 dollar fee, I'll let you know when it come through.
                    Comment
                    • ngates815
                      SBR Posting Legend
                      • 12-01-09
                      • 13845

                      #11
                      Ohh yea and instant deposit is for anything under 1001 dollars I believe. Otherwise you have to use a bankwire, and those are 60 bucks(i think)
                      Comment
                      • soxwin1917
                        SBR MVP
                        • 09-09-08
                        • 1188

                        #12
                        Thanks for the info, ngates.
                        Comment
                        • GoldRush7
                          SBR MVP
                          • 04-27-09
                          • 2014

                          #13
                          Originally posted by ngates815
                          instant deposit...just give your bank routing number and account number. They deposit it directly into your account. I used to receive checks and just started doing this way. First time I requested Tuesday morning and was processed Tuesday at noon, and was available in my account on Friday. Requested one last Monday(thanksgiving week) and it was available yesterday, I had figured it may take a couple days longer with the holiday that week, so it didn't bother me. I also requested one yesterday and paid the 25 dollar fee, I'll let you know when it come through.
                          just curious ngates, did they ask you for your drivers license when you did this method? I attempted to get a payout doing this but I was very reluctant to just scan them over my drivers license.
                          Comment
                          • dynamite140
                            SBR MVP
                            • 07-05-08
                            • 4958

                            #14
                            isn't instant deposit payout option free? And isn't the maximum $1500 as oppose to $1000?
                            Comment
                            • ThaWoj
                              SBR Hall of Famer
                              • 03-09-10
                              • 6762

                              #15
                              yes the max is 1500. i did one for 1482 about a month ago.

                              $25 fee if not done on monday mornings
                              Comment
                              • JohnGalt2341
                                SBR Hall of Famer
                                • 12-31-09
                                • 9138

                                #16
                                Great info here... but just to clarify... If I do an instant deposit into my bank on Monday morning between the times 9AM and 1PM est there is no fee? But if I do an instant deposit any other time there is a $25 transaction fee? Is this correct? Thanks!
                                Comment
                                • ThaWoj
                                  SBR Hall of Famer
                                  • 03-09-10
                                  • 6762

                                  #17
                                  yes, tho u might want to check on the 1pm thing (thought it was 11am but depends on what time zone you're in).

                                  i did one on a wednesday and they charged me 25 bucks. i didnt want to wait bc i needed the money and i wasnt available in the mornings anyways bc of my works schedule. so i just did it at night and paid 25 bucks.
                                  Comment
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