ACH through Bank of America
SaraRaabMcInerny
Posts: 1 ✭
Does anyone else issue ACH grants through their Bank of America checking account? We have found that if the grant recipient also has a BoA checking account there are major limitations! For one grantee ACH was not permitted by BoA but we could send a wire for a $30 fee. For another grantee, there was a limit of $25,000 maximum transferred per 24 hr period. The limitations imposed by BoA were onerous. Anyone else experience this and have workarounds besides paying wire fees?
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