4 ms·

Live Oak Bank limits business account withdrawals to $250k/day.

• lazide 4y ago
  That’s a policy thing to limit capital outflows, not a technical limitation.
  • fsckboy 4y ago
    but that's exactly what we're talking about
• shalmanese 4y ago
  If you have a business which pays fortnightly and the average employee makes $250K, then just payroll for 26 employees will reach your limit.
  • nulbyte 4y ago
    You don't need currency to facilitate payroll; it's a series of transfers, not withdrawals. And the recipients don't usually need that much currency either, even if they do bank at the same place.