| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 736.1 | About 3% but varies from day to day | SSDEVO::RMCLEAN | | Thu Jan 13 1994 16:06 | 3 |
| Ok... The easy way to figure that out is to calculate the overnight fed
rate. About 3% at the current time. That is roughly your answer since
they get the money by wire transfer.
|
| 736.2 | | STAR::FERLAN | DECamds as your cluster mgmt tool | Thu Jan 13 1994 16:27 | 13 |
|
Actually it was in your monthly statements for the last couple of
months... And it's not buying the DCU anything.. it's buying Digital
something... It was Digital who changed the "transfer" date not DCU.
At least that's how *I* read it...
Big deal... you get paid on Thursday just like everyone else... I
considered it a convenience for the last couple of years getting paid a
day early...
John
|
| 736.3 | | CVG::THOMPSON | Who will rid me of this meddlesome priest? | Fri Jan 14 1994 09:46 | 6 |
| The way I read it is that DCU was putting money in our accounts
*before* the actually got it from Digital. Digital gives the DCU
the money the day after they give DCU the tape that says where it
does and they were running it early.
Alfred
|
| 736.4 | Used to be treated like a straight payroll deduct | AWECIM::MCMAHON | Living in the owe-zone | Fri Jan 14 1994 13:27 | 10 |
| re: .3
I asked about this some years ago when I started having money direct
deposited into DCU because I was surprised that the money hit DCU
before the balance hit Baybank. The response at the time was that it's
not considered a real direct deposit the way it is when your check goes
to, say Baybank. It's handled by Digital as a payroll deduction and is
(was) processed Tuesday nights because that's when the payroll checks
are created. Now, apparently, Digital is handling it just like real
direct deposits and holding the money for one more day.
|