ACH (Automated Clearing House) is a Federally-facilitated network used to electronically transfer funds from one financial institution to another within the United States. Transfers are sent to the Federal Reserve from the issuing bank, which is then sorted and deposited into the receiving bank - a process which can take up to 3 business days.
- This service is typically free, although external sites may charge for expedited service. GreenFi does not charge you a fee for incoming or outgoing ACH transfers.
- Initiate ACH transfers from the GreenFi mobile or web app with linked bank accounts, or use your account & routing numbers with external sites.
- Transfers scheduled with linked banks via our app are subject to our transaction limits. Transfers scheduled externally are subject to the external institution's limits.
Wire transfers can be sent or received domestically and internationally, and are processed the same business day (the next business day if initiated after the cutoff time).
- Wire transfers typically have a fee, often charged by both the sending and receiving institution.
- There is no charge to receive funds into your GreenFi account via Wire transfer. Refer to our fee schedule for the current domestic and international outbound wire transfer cost.
- New accounts are restricted from sending wire transfers for the first 30 days. Mature GreenFi accounts are not subject to a limit on wire transfers.
- At this time, for security purposes, wire transfers can only be initiated via a phone call. To initiate an outgoing wire transfer, call us during business hours.
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