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Investing - Theory, News & General • Vanguard Cash Plus Account

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To add on regarding transfers, it is much better to "push" funds and not "pull."

Vanguard loves to put long hold on funds if you "pull" them into your account using the Vanguard website. The money will go in right away, but it won't be settled and available for about 5-7 days. To get around this, I just "push" funds in from my external bank account. It shows up in the Cash Plus the following day and is 100% settled and available to withdraw.

My CP account has PNC as the servicing bank. The ACH transfers between CP and my local bank have been extremely fast, but I know that PNC is a member of the Real Time Payments network, and I'm in the process of switching to a different bank (which is also a member), so I'll be interested to see if "instant" transfers are available like they are between other RTP enabled accounts. People have reported that transfers between RTP banks like Chase and BoA often post same day or instantly. That would be a great feature if this is available.

Statistics: Posted by NYCaviator — Fri Jan 19, 2024 6:51 am — Replies 67 — Views 6617



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