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Does Primis ACH Withdraw Limit Apply Separately To Each Checking And Savings?

EdwardD
  |     |   77 posts since 2023

1) When you go to Primis to initiate a push, what is the ACH out limit? I have heard that it is 30k per day and 100k per rolling 30 days. But if you have checking and savings, can you push 30k per day from each account? OR is it 30k per day for all accounts?

2) If you have a joint owner on checking and savings, does he have a separate ACH limit allocation separate from the 1st owner?

3) Does the 30k limit apply if the pull is initiated from externa bank? i.e. I open a CD for 50k at external bank and fund it from my Primis account.

4) If I initiate a push from Primis, how long does it take for the fund to arrive at receiving bank? Next day?

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TBT
  |     |   168 posts since 2018
Sorry I can't tell you about Primis. I have 11 online savings accounts and have asked similar questions about doing transfers with various banks and gotten no direct response to my questions. It seems the majority of people that visit this DepositAccounts site do it to read the useful info and feedback about bank rates to choose a bank, but do not become participating members. It's often the same familiar names of a same small group of subscribers that participate in the majority of posts at this site (like myself). Unfortunately we aren't going to be clients with every bank to know the particular workings of that bank. I wish more people would participate. Perhaps somebody who is a client at Primis & knows your answer will come forward.(?)  As a general answer to your question; I've had online accounts for 5 years, and banks have gotten more restrictive & difficult in the past year due to increased fraud. I no longer EVER use a push at any bank. Every single ACH transfer I make is done with a PULL initiated by the bank that I want the funds transferred into. Of course this means you have to have set up external links and test deposits first. I do the test deposit process going both ways to the 2 banks. (ie; Bank A sends test deps to bank B, and bank B sends test deps to bank A) Banks are more worried about being held responsible for assisting you with the pushing of funds out of your account if it turns out to be a hack, but are less liable and worried for fraud if it was an ACH pull of cash taken from under them. Too many banks will stop a push transfer and freeze an account. Many will often try to call first, but I may not be available to take the call. So then in the past, they flagged my account, froze the account, and then I have to spend a lot of time on the phone proving who I am to their security team to get my account opened back up. I have had NO SUCH PROBLEMS when pulling funds with the 11 banks I use. It is rare for any bank to forbid an ACH PULL coming from other banks, and those few that do stop cash being pulled from out of them will often get written up in the feedback. When I read of that in feedback, I do not bother to open a savings account with that bank. 
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