As a B9 user, you may wonder what limits are in place for various transactions. In this article, we'll go over the transaction limits outlined in the Customer Account and Cardholder Agreement, which is a document that outlines the terms and conditions of using a B9 account.
ATM Limits (all amounts are excluding fees):
- $500 per transaction
- $1,000 or 6 ATM withdrawals per day
- $5,000 per week
- $10,000 or 30 ATM withdrawals per month
Add Money from Another Card (transfers to your B9 Account):
New clients: $50 or 2 transactions per week during the first 5 days from account opening
Existing clients (>90 days from account opening):
- $1,000 or 4 times per day
- $3,000 or 10 times per week
- $4,000 or 12 times per month
Send Money to Another Card (transfers from your B9 Card):
New clients: $50 or 2 transactions per week during the first 5 days from account opening
Existing clients (>90 days from account opening):
- $1,000 or 4 times per day
- $3,000 or 10 times per week
- $3,000 or 12 times per month
- The maximum amount of money you can send in one transaction is $500 and the minimum amount is $1.
ACH Limits
1. ACH transfers from your Account to other bank account using the B9 App:
- For new accounts which are open less than thirty (30) calendar days from the date of the first transaction: $2000 daily/ $7500 monthly.
- For seasoned accounts (opened more than 30 calendar days ago from the date of the first transaction): $5000 daily/ $15,000 monthly.
2. ACH transfers to your Account from a linked bank account using B9 App:
- New Accounts $1,000 or 5 times per month
- Existing accounts $5,000 or 5 times per month
- Linked accounts must be in the United States.
3. ACH transfer to a merchant or other third party you authorize to withdraw from your Account using your routing number and account number:
- no limit to the number of times per calendar day or the maximum dollar amount.
Wire transfers
- Daily Limit: $40,000
- Monthly Limit: $100,000
Card Transactions
Total Debit Card purchases (including cash back amounts), whether using your PIN or not, are limited to $2,500 per day and $10,000 per month.
POS (Point of Sale) Transactions
The location where a customer executes the payment for goods or services and where sales taxes may become payable. The daily limit for POS transactions with the physical card is $2,500.
Virtual transactions
The use of a computer generated number used to settle a specific vendor payment transaction issued for a specific dollar amount. The daily limit for virtual transactions is $1,500. Virtual transaction limits are separate from POS transaction limits
Feel free to reach out B9 customer support if you need help!