Paying BofA credit card from Fidelity brokerage account via auto-liquidation

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cwenger
Posts: 18
Joined: Wed May 15, 2013 6:28 pm

Paying BofA credit card from Fidelity brokerage account via auto-liquidation

Post by cwenger »

Following up on my post here. On Saturday I paid a BofA credit card from my Fidelity brokerage account with nothing in the core position but plenty in FZDXX. At some point I got a PENDING PAYMENT transaction at BofA as usual. This morning (Monday) I see the payment come out of my Fidelity account, also as usual. However, later today I got another transaction at BofA labeled PMNT RECEIVED: PROCESSING which negated the payment. I've never seen this before, even though I've paid BofA credit cards from Fidelity numerous times. Looking online it seems to indicate a payment hold. I'm not too concerned because the payment isn't due until Wednesday, and the balance doesn't usually zero out until Tuesday morning when I pay on Saturday. But this seems like it couldn't have been a coincidence. What is Fidelity telling BofA to make them question the payment? Do they not actually send the money until tomorrow, after my auto-liquidation has a chance to go through tonight?
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