4 ms·
>Only international transactions (IATs) and high-value transactions above $25,000 are not eligible. The $25,000 limit makes this useless for business.
by 0003 9y ago
>Only international transactions (IATs) and high-value transactions above $25,000 are not eligible.
The $25,000 limit makes this useless for business.
- patio11 9y agoI wouldn't be so sure about that. Businesses have call to send _many_ payments (and many types of payments); the overwhelming majority by count are below $25k. Since nothing about existing ACH or wires is going away as a result of this system, it's a pure win.
- tim333 9y agoYeah, the international stuff and >$25k will tend to go by SWIFT wire transfer anyway
- mjcl 9y agoThe banks don't want to cannibalize their wire transfer business. For example, WFB charged us $0.10 per ACH transaction and $15 per wire.