Business days and cutoff. Transfers are processed on business days: weekdays except Federal Reserve holidays. The cutoff is 3:00 p.m. Eastern Time. A transfer sent after the cutoff, on a weekend or on a holiday is processed on the next business day.
How long it takes. Withdrawals usually reach your bank in about 2 business days. Deposits usually take about 3 business days to arrive. Timing depends on the banks involved.
Scheduled withdrawals. The date you pick is when the transfer starts, not when the money arrives. The money is set aside at 9:00 a.m. Eastern on the business day before, and the transfer is sent that morning. You can schedule up to 90 days ahead.
Daily limit. Your organization can move up to $1,000,000 per business day, with deposits and withdrawals counted together. A larger withdrawal is split into parts on consecutive business days, and the review lists each part's date under Planned initiation dates. Once the limit is reached for the day, you can send again on the next business day.
Extra verification. Once your organization's withdrawals reach $50,000 within 24 hours, the person requesting is asked for an authenticator code, even if someone else will approve the withdrawal.
Still have a question? Email support@usedevote.com, or browse the Help Center.
