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I wonder what type of limits would be imposed on the "FedNow" system. Zelle transfers are already restricted to a daily limit of $2000-2500 in my experience. AC

by xyst 4y ago

I wonder what type of limits would be imposed on the "FedNow" system. Zelle transfers are already restricted to a daily limit of $2000-2500 in my experience. ACH transfers I have seen top out at $25-30K per day.

fragmede 4y ago
ACH doesn't top out there, you're being limited by your bank.
abrylov 4y ago
ACH network by itself has a limit of $1M per transaction. Any limits below that, that’s your bank.
mellavora 4y ago
Well at least that means that Zelle has a crumb of risk protection built in.