PYMNTS

APRIL 5, 2016

JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. At its annual investor day, Chase noted “higher funds availability and withdrawal limits at the ATM.” The bank also said about 90 percent of all teller transactions will be ATM-enabled in the near future.

ATM

PYMNTS

MARCH 18, 2020

Banks know that, Edwards said, and banks are bracing for it, which means there will likely be a lot of Uber drivers, restaurant workers and others who will be holding a $1,000 check in their hands — and find that trying to cash those funds and then use them will take twice as long as they thought. And I mean now as in the next two weeks.”.

Checks

PYMNTS

JULY 30, 2020

Banks are permitted to take one business day before making Treasury funds available, and consumers who deposited during weekends or before holidays could face even longer delays. Check-cashing services offer immediate funds access, but they also charge fees.

Treasury

Stax

JANUARY 1, 2024

CD accounts often have higher interest rates than traditional savings accounts, making them an attractive option for businesses with idle funds available to lock away for a specific duration. Chase, Bank of America, and U.S. Bank fall short Notably absent from the list above are traditional banks, Chase, Bank of America, and U.S.

Accounts

Nanonets

SEPTEMBER 8, 2023

ACH fees can be influenced by transaction volume and service provider factors but are typically capped at $5 per transaction. Wire transfers, while advantageous for recipients due to immediate fund availability, carry more risk for senders. Cost - Wire transfers have substantially higher fees compared to ACH payments.

Wire Transfer

Fintech Labs Insights

APRIL 12, 2022

Bullet-proof fraud protection (no cap in maximum dollars*). Immediate funds availability (with limits). Here is the latest iteration of what should small business owners should look for in a bank (digital or traditional). Must-have features: Email/SMS customer service (extended business hours). ACH/electronic payments*.

Small Business