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Headache with consolidating funds

May 12th, 2021 at 08:19 pm

OMG I can't stand it. I am trying to refinance with Chase. I have to move money over to get the best rate. I also wanted to consolidate our accounts.  BUT turns out I can't move money around easily.  Why?  Because when I moved money last year to Merrill Lynch they got my name wrong.  I did not input it wrong so they obviously opened accounts not in the right name.  Sigh.  Can't move money electronically.  I am leaving Merrill Lynch because they have no branches.  I tried to deposit a 401k Rollover check and couldn't drop it at Bank of America.  I'm not sure why the hell there is no one working. I guess because of covid apparently people don't work in office.  Great.  No.

Why the hell have all these requirement to open accounts in office if you don't have bodies in office?  Why bother having branches?  I guess I'm frustrated with how difficult this all is.

Posted in Investing | 5 Comments »

5 Responses to “Headache with consolidating funds”

  1. Dido Says:
    May 12th, 2021 at 11:00 pm 1620860449
    1620860449

    I'm sorry to hear about the frustrations and I hope you figure your way through it without too many additional hassles.

  2. Dido Says:
    May 12th, 2021 at 11:03 pm 1620860600
    1620860600

    And hopefully you still have a decent window within the 60-days you are allotted for a rollover!

  3. LivingAlmostLarge Says:
    May 13th, 2021 at 05:41 am 1620884503
    1620884503

    it's an after tax contribution and Fidelity had to rewrite the checks so I assume it restarted the 60 days.

  4. disneysteve Says:
    May 13th, 2021 at 10:52 pm 1620946327
    1620946327

    How did they manage to open an account in the wrong name? And even if they did, it should have been fixed right away.

    As for BOA, I know only one of our local branches has been open throughout the pandemic. I don't know if any others have reopened yet. I rarely need to go into one but we did have a couple of things in the past 6 months that had to be done in person.

  5. LivingAlmostLarge Says:
    May 16th, 2021 at 03:02 am 1621134165
    1621134165

    Um well they thought my last night was my middle name since it's a "hyphen" last name. No way would i have typed in my last name as my middle name. So I am not X Y-Z but X Y. Z which doesn't match with Chase which I opened up online myself and properly typed in my name instead of someone writing my name down incorrectly.

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