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Requesting a Wire

June 17th, 2015 at 05:14 pm

I decided today that the proceeds from our home sale needed to come by wire rather than an overnighted check. We're in an apartment temporarily and I figured FedEx would probably drop it at the office and then I would try to have to catch someone working to get the package. Too much to worry about. I also didn't like the idea of depositing such a large check into an ATM, or mailing the check to a branch since that is really our only option. Well, there is UPS deposit, but it isn't clear if there is a limit on the amount of the deposit. And I can't mobile deposit since the limit is $10K.

Turns out it should only be $20 to wire the funds and they will be in our account on Friday! That is less than having it overnighted by Fedex to our current location (at least that is what the realty company would charge). I was able to get the wire instructions right off the bank website and sent to the escrow service.

The escrow service also asked for our forwarding address to provide to our mortgage company. They will need it to send the excess of our escrow account and possibly any overage of interest paid. I'm looking forward to getting all this cash!

We will be debt free after I get the current credit card charges paid off...hopefully by the end of the month. Maybe before. I need to do some calculations so I'm clear where all the money is coming from and where it is going. I don't want to fritter away this equity money on things that weren't house related. Of course, I'll tell you all about that later!

We should also be getting reimbursed for our moving expenses. My husband is back to work, but hasn't had time yet to submit our travel expenses. That should be a chunk of change too. Smile

5 Responses to “Requesting a Wire”

  1. FrugalTexan75 Says:

    Having the money wired sounds like the smart way to go!

  2. scottish girl Says:

    Great! Only one day to wait now!

  3. VS_ozgirl Says:

    That's awesome Smile

  4. CB in the City Says:

    I love getting chunks of money! It's such a lift!

  5. Looking Forward Says:

    Great!
    Glad to hear things are on track and you are getting settled at the new location. Smile

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