Joined Aug 2011 Deal Fodder
Capital One 360 New ACH external transfer limits
June 13, 2018 at 01:04 PM
Thread DetailsLast Edited by quicktek June 13, 2018 at 01:08 PM
Received this vague email from Capital One for my 360 savings (formerly ING Direct) which basically says there will be new limits on external withdrawals/deposits, but doesn't tell you how much they are and they can change whenever they feel like it. What in the world? Between this and them selling out to ETRADE, I'm thinking of looking for alternatives
Quote :Starting August 1, 2018, you'll have new ACH external transfer limits.
Keep reading to understand how to manage your transactions.
Security is a top priority at Capital One®. So as of August 1, 2018, we're changing the limits for ACH external transfers to better protect your accounts.
Automated Clearing House (ACH) External Transfer Limits: Your 360 accounts will now be subject to limits on the amount of electronic transfers between your account and external accounts at other financial institutions. These limits are designed to be flexible in order to protect the security and integrity of the service and accounts, as well as you and all other users of the service. Based on confidential fraud and essential risk criteria, they may be modified at our discretion without advance notice.
•What transactions will this impact? ACH external transfers are electronic deposit and withdrawal transfers made between your Capital One accounts and your linked external accounts.
•What happens if I need to exceed the limit? At Capital One, ACH transfers are just one way to move money. So if you have a transaction that exceeds your limit, we'll try to help you find an alternative that meets your needs.As always, thanks for banking with Capital One.
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