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What is the maximum ACH transfer limit?
The maximum ACH transfer limit varies depending on your financial institution and account type. Potential limits range from $3,500 per day (Bank of America) to $25,000 per day (JPMorgan Chase) for personal checking and savings accounts.
Financial institutions (or FIs, a term that includes banks and credit unions) may choose to set the limit at $10,000 as a result of the Bank Secrecy Act. The Act requires that FIs file a currency transaction report (CTR) whenever a customer attempts to transfer more than $10,000 in one day, over one or multiple transactions.
Cost per Payment
$0.20 - $1.50
$25 - $50
2-5 business days
1 day or less
Allows returns and reversals
No returns or reversals
Credit and Debit
ACH (Automated Clearing House) is a payment processing network that’s used to send money electronically between banks in the United States. It allows for automated, electronic debiting and crediting of both checking and savings accounts.
No, ACH and Zelle are not technically the same thing, although Zelle utilizes the ACH network. Basically, all Zelle payments are (instant) ACH payments but not all ACH payments are Zelle payments.
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