What are the fees for ACH, wire transfers, and real-time payments?
- ACH payments: 1% of the transaction amount, with a maximum fee of $5.
- Wire transfers: A flat fee of $10 per transaction.
- Real-time payments: A maximum fee of $30 per transaction.
Related Articles
ACH vs Wire Transfer
An ACH transfer sends funds from one bank to another using the Automated Clearing House network. A request has to be made from the payor's bank account to process an ACH transfer. Then, the payor's bank will send the funds through the Automated ...
What are the cut-off times for ACH, wire transfers, and check mailing?
Check Mailing First Class USPS - 11:50 AM CST Next Day Fedex - 3PM CST ACH ACH payments (Origination Files Submission) via SVB Online Banking or SVB Transact Gateway - 7:00 PM PST ACH Prefunding - 7:00 PM PST Same Day ACH - 12:00 PM PST Wire U.S. ...
What are the fees for using a credit card for payments?
A 2.9% processing fee applies to credit card payments. ACH payments are free, but if you choose same-day ACH or wire transfers, additional fees may apply (e.g., up to $40 for same-day ACH and $12 for wire transfers).
How to make faster ACH payments?
Fund your wallet via ACH or wire transfer to process faster ACH payments. As long as you have funds in your wallet, they may be processed the same day.
How ACH payments work?
Aside from the Automated Clearing House network (which connects all the banks in the United States), there are three other players involved in ACH payments: The Originating Depository Financial Institution (ODFI) is the banking institution that ...