What is the limit for bank transfers in the United States?

Banks and federal institutions are vigilant in the fight against money laundering. For this reason, in U.S there are laws aimed at preventing individuals or companies from making unlimited fund transfers, as well as regulations on the recording of large transactions that could be suspicious. This is not to say that the rules are so inflexible that you can’t do business. You just need to know the laws and your responsibility to comply with them. Below we tell you what the monthly and daily limit is for bank transfers in the main banks in the United States.

Things to keep in mind about transfer limits

Each bank operates slightly differently when it comes to the rules regarding transfers. Therefore, if you are considering making use of this type of transaction, you should check with your bank the following:

  • Is there a limit to the number of transfers you can make each month, both incoming and outgoing?
  • Is there a limit to the amount of money you can transfer? If so, are there ways to increase the limit?
  • When can I access the transfers made in my account?
  • What are the differences between domestic and international transfers?

External bank transfer limits are actually limits for when you transfer money from your account at one banking institution to your account at another institution.

What is the limit for wire transfers at the big banks?

Bank Transfer limits transfer fee
Bank of America $3,000 per day or $6,000 per month for standard delivery and $2,000 per day or $5,000 per month for next business day delivery. $3 for standard time delivery and $10 for overnight delivery.
chase $10,000 per transaction or $25,000 per day. $0.
Wells Fargo Varies depending on your account history, but typically $5,000 a day. $0.
Citibank $2,000 per day or $10,000 per month. $0.
U.S. Bank Varies depending on your account history, but typically $2,500 per day. $0 for standard time delivery from other institutions, $3 for standard time delivery to other institutions.
Capital one $10,000 per day or $25,000 per month. $0.
PNC Bank $2,000 per day or $5,000 per month (transfer limits may be reviewed and increased if you have a positive account history). $0 if done online and $3 if done at a branch.
TD Bank Varies depending on your account history, but typically $3,000 per month. $0.
BB&T $5,000 per day or $12,500 per month. $3 for standard time delivery and $10 for overnight delivery.
SunTrust For incoming transfers: $10,000 per day or $20,000 per month; For outgoing transfers: $2,000 per day or $10,000 per month. $3 for standard time delivery and $6 for overnight delivery.
Santander $5,000 per day with a unique access code ($500 without a unique access code) or $20,000 per month. $0
Fifth Third Bank $2,000 per day or $5,000 per month. $3
Citizen’s Bank $10,000 per day or $15,000 per month. $3 for standard time delivery and $10 for overnight delivery.
M&T Bank For incoming transfers: $10,000 per day. For outgoing transfers: $20,000 per day. $3.
Ally Bank Varies depending on your account history $0.

Relevant data

On average, most banks have a limit of about $5,884 per day and about $9,909 per month.

Certain banks, such as Suntrust and Citizens Bank, offer fairly high daily transaction limits of $10,000 per day, while some banks, such as Fifth Third and PNC, limit daily transactions to less than $2,000.

Meanwhile, Chase stands out with its whopping $25,000 daily transfer limit.

Undoubtedly, the transfer limit is something to consider when choosing a bank, especially if you run a business, or simply plan to transfer large amounts of money on a daily basis.

transfer fees

Similarly, another important thing to keep in mind is the transfer fee charged by each bank.

If you plan to make transfers on a more than regular basis, these transfer fees can end up being very expensive on a cumulative basis. After all, paying 3 dollars for a transfer is not the same as paying 30 for 10.

In fact, we found that banks charge approximately $3 for each standard delivery time transfer, and an average of $8 for overnight transfers.

Some banks, however, do not charge anything for your transfers; being an example of this banks Ally Bank and Capital One.

In the case of Bank of America, the institution has a limit of $1,000 per day, which is eliminated if you sign up for Safe Pass, a service that sends a code to your phone to verify that it is you who is making the transaction.

Santander is also another bank that imposes a low daily transfer limit of $500 unless you sign up for Safe Pass. In this case, the limit is increased to $5,000.

Also note that the limits are different depending on whether you are receiving money (incoming transfer) or sending money (outgoing transfer).

In fact, we found that most banks allow larger amounts to be received than they allow to be sent.

The relationship with your bank is important

This is something that most people are unaware of, but many times monthly and daily transfer limits depend on the relationship a customer has with their bank. In fact, it is something that is even stipulated in the small print of the contracts.

For example, if you’ve been a loyal customer for several years, have maintained a positive balance, and have followed the guidelines set by your bank, it’s likely that your daily and monthly bank transfer limits will be increased. However, if your account balance has been or is negative, if you are a new customer, or if you tend to accumulate a lot of commissions, you are less likely to receive the benefit of an increase.

In conclusion

As with bank accounts, each financial institution has different rules and exceptions for the use of transfers. If you want to have access to all the money you want, whenever you want, Be sure to speak with a representative of the bank you are interested in about the limit on bank transfers before requesting to open a savings account or checking.

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