ACH Limits

  |     |   239 posts since 2011

OK - can use some verification or input on my experience here.

Just did an ACH transfer to Andrews for $100K from ALLY.  Later, I saw a post that talked about Andrews had a limit of $5K daily, $25K monthly.  Mine went through just fine.

FYI - here's some comments on what I am finding out about ACH.

ACH is a transfer that can be overnight, or may take several days.  Different at each originating and receiving organizations.  Of course, to initially set up ACH using external accounts, it normally takes several days because they want to do some small TEST transactions to make sure the information is correct before releasing the ACH relationship as valid in their system.  ALSO - most places the ACH transaction is at no charge.  BUT there may be a charge at others.

NOW - here's what I really did know until recently.  Many institutions (like Bank of America) have ACH limits set up differently.  They have a limit if you use the ACH at BAC (and different limit amounts for going out verses coming in using the ACH platform).  NOW, I am also seeing that there may be a third limit, which I think may be unlimited.  That is using another banks or credit union's ACH platform, there may be no limit on the amount that they will accept coming in.

That is why at Andrews, they talk about the $5K limit daily (and limits monthly), but I believe that is true relative to using the ACH at Andrews.  If the money has been transferred from another institution (like ALLY or Bank of America), then they do not care.

Let me know of your understanding if this correct, or not,  Can help us all in transferring money to avoid lengthy check holds.  FYI - ALLY has high ACH limits.  Most places do have have smaller daily limits like $5-$25K, so knowing where you can do large ACH transfers is important.

Ken Tumin
  |     |   6,062 posts since 2009
The ACH limits are typically limits that the institution imposes when you're using their system to initiate ACH transfers. It seems to be rare for institutions to have limits for ACH transfers that are initiated from another institution. I think this is due to the liability for the ACH transfer being placed on the institution that originates the ACH.
  |     |   239 posts since 2011
that means the $5K inbound ACH limit (as mentioned about Andrews) is ONLY if you use their platform.  Thus, you can avoid check holds if you use another firms ACH to send them the funds in greater amounts!
  |     |   47 posts since 2016
An extensive compilation of information relating to Hub accounts, ACH transfers, capabilities, fees & limits across institutions can be found (along with current intel about many other timely financial products) at doctor of credit dot com under the Bank Bunuses Topic Headline Bullet.  Together with Ken Tumin's DA website, this is really terrific information to access in one place.  Hope this is as helpful to others as it has been to me.
  |     |   239 posts since 2011
thank you.... that was a VERY useful post, and I have used that doctorofcredit reference again today
  |     |   23 posts since 2014
I've begun moving large sums to USAlliance FCU since their High Dividend Savings account rate went to 2.5%. Via a phone call, I have moved amounts in the six figures several times, having USAlliance pull from Alliant CU and Navy FCU. Really fast, usually one day. Not a wire transfer and no delayed external account setup via test deposits.
  |     |   239 posts since 2011
watch out for the fees when moving money OUT of USALLIANCE
  |     |   98 posts since 2011
$5 per withdrawal!

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