Alumni Work: 2009-12-10
10:35 AM Left voicemail for our financial advisor, to check on the status of the money transfer being worked, for the WPSBC Alumni Association. She’s usually pretty quick to return calls. So I’m hopeful that we can initiate this transfer sometime within the next couple days.
11:00 AM: Talked with the bank about the WPSBC Alumni Association checking account. We accomplished the following:
- Changed status of the account to a business green checking account. This means that there will be no further $12 monthly maintenance fees. However, if we make more than $5000 in cash deposits per statement period, then we must pay $2 per each $1000 we go over that. Further, if we make more than 200 transactions per statement, then we must pay $0.50 per each transaction over 200 that we go.
- Verified our tax ID number; the one the bank has on file is indeed the one that I have as well.
- Updated the mailing address on the account to my new mailing address, per the E-911 project.
- Established a PIN for the telephone banking system so we can periodically check balance and other account status through that system.
12:05 PM: Successfully gained access to our bank’s telephone banking system using the newly assigned PIN.
02:15 PM: Heard back from Pam at our investment firm a little while ago. She says that the funds transfer should take place during the next two to three business days. The reason for the delay, she says, was because our account had to be configured at Fidelity for such transfers. She also assures me that subsequent transfers should not take as long as this initial one did.