Posted by Don L on November 16, 2016
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Published on November 16th, 2016 | by Don L

191

Hub Accounts – ACH Transfers: Capabilities, Fees, and Limits Across Financial Institutions

Contents

Quick Summary

This reference page lists ACH capabilities: outbound [push], inbound [pull], limits, and fees at financial institutions.

The goal is to assemble numbers along the dimensions of a good hub account (perhaps we will find a collection of good institutions).  This data will also be merged into the DoC Bank Account Quick Reference Table.

As always please share your data points and ideas to help make this a better resource.

Brief Intro

While not rare, free outbound ACH transfers can be a valuable tool in triggering bank bonuses, maintaining high interest accounts, and assisting in other manufactured activities.

Definitions Table

ColumnValueDefinition
Acc Limit#Maximum number of linked external accounts allowed
ACH TypePullInitiate an inbound funds transfer from an external account
ACH TypePushInitiate an outbound funds transfer to an external account
AvailYes/NoOnline/Web interface exists to initiate ACH Transfers
Day $ Limit$Daily ACH dollar limit across all ACH transfers scheduled for that day. (Initial or Standard)
Day Tran Limit#Daily ACH Transaction Limit
Fee$Fee to initiate an ACH transfer
Month $ Limit$Monthly ACH dollar limit across all ACH transfers scheduled for the month.  (30 Day Rolling Limit)
Month Tran Limit#Monthly ACH Transaction Limit

Savings and Money Market Accounts are limited to 6 withdrawals per month.

NFB$No Fee Balance – Minimum Balance required to keep account maintenance (monthly) fee free.  Ignoring other ways (DD, Debit Trans, …) to keep account free
Speed# DaysAn attempt at assigning a value for relative transfer speed in business days

  • Bank hold policies can increase transfer time
  • Both Banks (sender & receiver) can impact speed
  • Tiered service speeds may be offered
Tran $ Limit$Dollar limit per ACH Transaction

Financial Institutions

All America Bank (Redneck Bank)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000*
PullYes$0$5,000

*Per Andrew’s DP

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01> 20* ??

Alliant Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$25,000 2,5Initial Limit $2,500*
PullYes$0$100,000Min Tran – No Lower Limit7

*Per this DP, early DP seemed to indicate higher limit; First 30 days lower limits DP, and reported 9 day holds DP

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $0 41 1None 2No Limit6Interest Checking 3

Ally Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$150,000*$150,000$600,000Min Tran $14
PullYes$0 $250,000$250,000$1,000,000Interest

*Limits per CSR

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01-3 1,2,4,7203Per CSR more than 20 per req.

Amalgamated Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$2,000$2,000
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01

American Express Bank (Personal Savings)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0No $ Limit
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0 1[Pull] 5 2

[Push] 1-3 2

16Savings Account Withdrawal Limits

American Express Serve

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$2,500*Card Balance Limits also
PullYes$0$5,0001

*More Detail See Data Point3

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 N/A21**

** 1 Account at a time

Aspiration

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000*Min Tran $1
PullYes$0$5,000*

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$011-32 No LimitNo Limit

* First 30 Days subject to $500 transfer limit (both incoming and outgoing).  First Week $100 Limit

Bank of America

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$3$10,000***SafePass Enrollment Req.

$10 Next Day, $30 Same Day

PullYes$0$10,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,5001 3

*SafePass Enrollment Req. for higher limits, else daily $1,000,  weekly $2,500

** 25,000 Weekly Limit

*** DP of $2M Limits

Bank of Internet USA (BofI USA)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$15,000*$45,000*Next Day $7
PullYes$0$15,000*$45,000*$10 Min Tran

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$025No Limit

*Initial $2,000 per day, $5,000 per month first 90 days1,2

Bank of the West

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$3125,00050,000
PullYes$025,00050,000

*CSR reports no Daily or Monthly dollar or transaction limit1, DP of lower limits2

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $25,000 NL No LimitNo Limit

Bank5 Connect

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$6,000$15,000A Lot of Negative Reviews
PullYes$0$6,000$15,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $0133 52 12Interest at $100 Balance

BankMobile

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
Push Yes$0$3,000*Min Tran $10
PullYes$0$3,000*Initial Inbound $5002

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01 32No Limit No Limit

*$500 Limit for the first 90 days.  The daily limit only refreshs when transfers complete.

BBVA

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
Push Yes$3$1,000$3,000$7,500
PullYes$0$5,000$5,000$7,500

BMO Harris

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes*$0 $5,000$5,000
PullYes$0 $5,000$5,000

* New accounts cannot ACH push for 90 days1,2; max $5,000 mobile deposit/5 days3

** Data on Limits DP

Capital One 360

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
Push Yes$03*Seen multiple limits
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$012235,6,7 DP unable to link online

*Uncertain on limit – CSR says No Limit, DP of greater than 6K6

Charles Schwab Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0* $100,000Min Tran $1
PullYes$0$100,000

High Yield Investor Checking

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01 1** No Limit*

** Same Day Push Credit, 4 Day Pull Hold (Comment), Earlier Comment

Chase Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$10,000*$25,000*
PullYes$0$10,000*$25,000*

*Higher Limits for Premium Accounts

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,5001 1-22 253

Circle (Mobile App)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0
PullYes$0

*DP per PS

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0 1*

CIT Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0No Limit*
PullYes$0One Week Hold Inbound?2

CIT Bank Online Banking – Might be only a savings account

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$10031166Savings Account

*Per CSR, Previous Reported Limit $5,0002

Citibank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$2,0001$10,000Next Day Lower Limits
PullYes$0 $100,000$100,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $1,5002 1-34 123

Citizens Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$32 $5,0002$10,000
PullYes$0$5,000$10,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $25,000*

*Doesn’t appear that basic account can be waived by balance alone, this is for platinum1

Community Choice Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

Consumers Credit Union (CCU)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$01$1,000$5,0004Min Tran $1 (No Lower Limit)
PullYes$0$1,000$5,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $03 Push 2-3 days

Pull Longer2

DFCU

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$2,500$5,000Min Tran $1
PullYes$0$10,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $015 20

Discover Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0250,000$300K  Combined
PullYes$0250,000Min Tran $256

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$02Slow 307Longer Hold Times1, *

* More comments on speed: 3, 4, 5, …

Possible security flags raised on ACH In only transactions, or just a lot of linked accounts8

Emigrant Direct

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes
PullYes

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01 2-42 6Savings Account

ETrade Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
Push Yes$0$100,000Fraud Alerts?2
Pull Yes$0$100,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$013*No Limit

*One account for the first 60 days, per CSR.  Strict lifetime(?) limits see3,4

EverBank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$50,000*$200,000
PullYes$0$250,0003

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$251 12 No Limit1050

*CSR and 4,5

Fidelity Investments

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$01 $100,000
PullYes$0

Cash Management Account

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$041-2 Push3 Unknown*

*Online Linking works some of the time2

Fifth Third Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$32,0005,000
PullYes$0

*DP per JT

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,5001 5*

First Federal Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01

First Internet Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$5 Varies2
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $0133

First Merit Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$35,00010,000$7 Next Day
PullYes$010,00020,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01

First National Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0.501
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes

First Tennessee Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0 1,0001,0008,000$2000/week
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $5,000*

*No Balance option to waive fees on lower tier accounts1

Flagstar Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0Min Tran: $10
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $0

FNBO Direct

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$100,000$500,000
PullYes$0$250,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01 3+43No LimitNo Limit2Slow – Old3

Hanscom Federal Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0Varies3More on Limits*
PullYes$0

*Limits based on linked system (per CSR)

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$02 11

HSBC

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0350,0001350,0002,000,000
PullYes$0350,000350,0002,000,000

*Per CSR

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,5002 33No Limit*No Limit*

Huntington

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0* 2,5002,50010,000Slower Transfer
PullYes$025,00025,00050,000

*6 Free Push and 6 Free Pull Transactions per month before fees per JT

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01 32

Incredible Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$10,000
PullYes$0$50,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $300 33 – In1

3 – Out

Interest
  • *60 Day Delay on Bank to Bank Transfers1 
  • $1,000 Minimum to Open Account – maintain?
  • $10 Early Close Fee (less than 90 days)

KeyBank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$2,000*$2,000$20,000(Very) Slow Setup1,5
PullYes$0$2,000$2,000$20,000

*Combined Push/Pull4

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0243

Lake Michigan Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo2$0$25,000*Looks like need to use Bill Pay
PullNo$0 $25,000*

* Bill Pay

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$011-23No LimitMay be fee without DD

Level One Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

M&T Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$32$10,000$100,000
PullYes$0$20,000$100,000

Most values per CSR

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$500* 3 No LimitNo Limit

*Classic Checking, EZ Choice can be waived with one transaction per month1

Morrill & James Bank and Trust

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes $2,0001 $2,000
PullYes $2,000 $2,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes

Moven

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
Push
Pull

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$011

Nationwide Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000$10,0003Min Tran $103
PullYes$0 $5,000$10,000

*Per CSR, (online limit, over the phone limit may be higher)

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 10,00012-3243

Navy Federal Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000*
PullYes$0

*Per Stacy’s DP, thanks

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 No Limit

Northpointe Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

Oregon Community Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$01Interest
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0*

*Remarkable Checking2

Paypal

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0
PullYes$0

*DP per PS

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0 5 Day Pull

1-2 Day Push*

Parkside Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

PNC Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$015,00015,00025,000
PullYes$02,0002,0005,000

Suspicious Activity cancelled transaction warning3

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$5001 32

Netspend Metabank cards blocked

Provident Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes2$0 $3,0003$6,0003
PullYes$0$3,000$6,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01 2-33 No LimitNo Limit

PurePoint Financial

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
101

Radius Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000Min Tran $1
PullYes$0$5,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01No Limit*

*Per CSR

Robinhood

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0
PullYes$0

Brokerage

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$034-5 13*AML – Same Account In/Out

*Significant additional requirements for another account2

Salem Five Direct

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$32$5,000$5,000$20,000
PullYes$15,000$25,000$25,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 $01

Santander Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$02$5,0005$20,000Acc add without test trans6
PullNo4

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
 75,000* 13

*Simply Right – One transaction can waive monthly fee1

Seacoast Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$32,0005,000
PullYes$0

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,0001

Simple (.com)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$10,000*$30,000
PullYes$0$10,000$30,000

*Limited to $5,000 total deposits for the first 30 days

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$011-2 From;

3-4 To2

5No Limit

May vary by underlying bank (Compass Bank or The Bancorp Bank)

Square Cash (Mobile App)

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0
PullYes$0

*DP per PS

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$0 1*

Star One Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$05,000
PullYes$0 5,000

*All Info Per CSR1

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
3-5 No Limit*

State Farm Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes2$0 No Limit*Min Tran $1
PullYes$0

*Per CSR

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$5001 No Limit*

SunTrust Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$31Next Day $6
PullYes$0$20,000*

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
Up to 32

Pull 1 (Sometimes)*

*Comments note inbound limit3

Synchrony Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$250,000
PullYes$0$250,000

Not Checking, Money Market Savings (most info per CSR)

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01106

Talmer Bank & Trust

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

TCF Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

TD Ameritrade

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes250,000
PullYes

Cash Managment Account

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$05*
  • *CSR and this DP1

Tech CU

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0 10,000Min Tran $1
PullYes$0 10,000

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01 12

TIAA Direct Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,0003
PullYes$0No Limit

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$01 32 64Acc Limit per CSR

*Possible Exceptions up to $30,000 (transfer limit)

US Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$31,2501,2501,250
PullYes$02,5002,5002,500

 

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,50012-32

USAA Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0$5,000*
PullYes$0$5,000

Limited Membership

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$011-23

*Same Day ACH Transfers reflected instantly4

Wells Fargo Bank

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushYes$0*5,0006,000
PullYes$0

*Previous $33

NFBSpeedAcc LimitDay Tran LimitMonth Tran LimitNotes
$1,50012-32,4105

Zeal Credit Union

ACH TypeAvailFeeTran $ LimitDay $ LimitMonth $ LimitNotes
PushNo
PullNo

A Few ACH Strategies

In using ACH transfers to trigger account requirements, a few strategies have popped up:

Some Go Big

Using a few large, popular options – Alliant CU and Ally Bank are often noted.

  • (+)s: These institutions offer great hub accounts (free, quick, sizable, … transfers)
  • (-)s: But have these options become a little crowded?:
    • Ally has a number of failure data points: 1, 2, 3, 4, … for triggering direct deposit requirements (perhaps as a result of a tech upgrade, or perhaps from being blacklisted?)
    • Alliant has no current negative data points, but this did pop-up

Some Go Small

Using local credit unions or banks.

  • (+)s:
    • Being so small it would seem unlikely that any would be specifically blocked, and
    • perhaps smaller/(older?)/different tech may have more success triggering requirements.
  • (-)s: But being so small, it would be very unlikely that your local institution will ever show up as a data point

Some Go Explosive

And launch a barrage of ACH transactions from multiple institutions, hoping something might trigger the transaction.

  • (+)s: It could work – something might trigger the requirement
  • (-)s: But it seems fairly:
    • Time Expensive,
    • Capital Intensive (if $ minimums required on the transfers),
    • and in the end you don’t know what triggered the bonus

Some Go Beyond Banks

And use a number of different account types:

I even saw

pop-up on the list.

  • (+)s: These are valuable alternatives
  • (-)s: But many involve more obstacles and effort than a good hub bank account

Goldilocks Institutions?

Perhaps as a DoC community we can identify a collection/[portfolio] of not too big, not too small good hub accounts.

Ideally, Goldilocks on another dimension too, the size of the signup bonus.  Assuming a model where you can only open a limited number of accounts each year, then we wouldn’t want an institution with no bonus (poor value for the inquiry), but also not an institution with a regular large bonus (that might sit on your churning list).

Previously available nationwide, now restricted to California, Tech CU might be a decent example.

At the least hopefully this reference page offers you some value.

Warnings

(In addition to all the standard disclaimers,) this resource is incomplete and filled with errors.

It is an attempt to summarize and categorize rules inferred from community data points.

Definitely tell us where we have made a mistake.

Additionally:

  • Personal limits at financial institutions may vary
  • Limits for personal accounts (not business but happy to add those data points too)

Final Notes

Please share your data points and ideas on this topic to help make this page a better resource.

Good luck to all the bank bonus miners out there (is that what they call us?).

All the best!

 



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I use Schwab as my hub, and as my primary account. They work really well(next day transfers, no fees, unlimited linked accounts) but I’m worried they’ll shut me down for so many random ACHs.

Great post! So far I have used Capital One 360, which is my everyday checking account, to trigger the Tech CU & US Bank bonuses. Fingers crossed it will work for Bank of the West as well. But I’ve been thinking about this exact topic recently, as Capital One limits external accounts to 3 at a time. I’m considering opening Ally or Discover checking, but as they don’t offer any bonuses I’m more inclined to try my luck with Tech CU and/or Fidelity first, with whom I already have accounts.

Capital One 360 is great for pushing to trigger dd at other banks and even though they limit to 3 at a time, you can delete some old accounts and add new. After a while though, all this changing of linked accounts sends up red flags with them, as if it’s some hacker try to steal their customer’s money. Then they freeze your accounts completely and you have to call and explain a bit before they unfreeze. This has happened to me, hubby and our 20 yr old son. It gets old and can be a real problem since I use multiple Cap One savings accounts to help me budget. Now, EVERY time we try to link a new account, we get frozen.

TL/DR–Write checks instead of ACH

Instead of my usual pull ACH from my Discover hub or push from satellite banks, I wrote 2 checks from the banks and mailed them using the provided postage free envelope. I expected it to take even longer than the usual ACH with the several day hold that is the norm. Mailed them Saturday, both cleared yesterday (Tuesday) and funds are available and even posted to the other banks. I intend to mix it up more in the future.

To clarify, I meant they were shown as already paid by satellite banks

Santander Bank Push to other banks only. ZERO $$ Fee.

Proof: ACH from Santander Bank to my BankAmerica savings account tied to my MLB CC card for the extra 10% CC reward.

And is super fast — push initiated at 11pm could arrive at 3am (same night).

Both Consumers CCU and Fidelity CMA also push/pull with no fees.

As Jeff H said, Santander only allows push, not pull.

If you are in Oregon, Oregon community credit union is a good choice. They have a reward checking account with 1.05% APY, and no fee for push and pull.

Wellsfargo only charges for next day push transfers on personal checking from my recent experience. I think they used to charge for this tho.

Meant to say they used to charge for standard push transfers but haven’t been recently.

Wells Fargo. Used to be $3.00
Fantastic News.!! I just did two transfers. Two Day time frame = Zero fee. One day = $10.00. I did not check for any price scale based on amount of the transfer.

I should have indicated my remarks outbound ACH./ DD push for the above remarks. I have never been charged for a normal ACH Pull.

Chase max # of external accounts = 25

USAA has a $5,000 daily transaction limit (including transactions already scheduled) for ACH initiated through its website. Then again, ACH transfers are reflected in your account instantly if scheduled for the same day (even when it involves pulling money from another bank).

Any great hub accounts, that currently offer a bonus, or would that be asking for too much? 🙂

Regarding Etrade, you might want to add that they impose lifetime limits on external accounts.
The first time I hit the limit, I called in and they reset it.
The second time I hit the limit, I called in, and instead of resetting it, they froze the account, and then closed it.

It will be great if you add “Minimum amount of ACH push”. Many banks do not allow small amounts for ACH push. For example Discover minimum is $25, but Ally allows $1.

Consumers CCU is fine on pushes, the receiving bank usually credits in 2-3 biz days, but when I pull using Consumers it always takes a whole week for them to credit the funds even though the withdrawal showed up in 2-3 days at the other bank.

Alliant FTW in my book.

Key Bank info: I use their Hassle Free account as a hub and here are the ACH maximums.

$2k/transaction.
$2k/day.
$10k/week
$20k/month.

That’s in combination for pushes or pulls.

And as already noted it takes several days (5-14 in my experience) to get the accounts linked and approved, especially if adding it with push/pull capability (instead of only push capability).

Thanks for a terrific post!
I know none of the banks are perfect, but any idea which one/ones are most likely to be considered DD (for other-bank bonuses)?

Great content Don! Thanks for doing this.

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