ACH Debits/Pulling funds into Currence (ex. Reservoir Funding, Income Movements):
Daily Limit - $50K
Monthly Limit - $500K
Clearing Period - 3 business days (with a cutoff at 3PM ET to initiate)
ACH Credits/Pushing funds to an external account (ex. Spending):
Daily Limit - $300K
Monthly Limit - $1mm
Clearing Period - Next business day (If the transaction is initiated before 3PM ET, the funds should be expected to post in the external account next business day, if the transaction is made after 3PM ET, it will post in the external account the following business day.)
Mobile Check Deposit:
Daily Limit - $70K
Monthly Limit - $500K
Clearing Period - 3-5 business days (with a cut-off time at 3PM ET to initiate)
The details listed above specifically applies to transfers initiated from within Currence.
Business days do not include weekend or bank holidays.
Any amounts and account terms referenced in this article are subject to change. Please consult the Deposit Account Agreement for the most current information.