To send funds from your NorthOne Account to an American bank account, you can do so using a domestic ACH Payment or a domestic wire transfer.
Here’s some key information about both types:
Domestic ACH Payments
No extra fee (included as part of the $10.00 a month NorthOne Monthly Account Fee)
The cut-off time for scheduling ACH transfers is 3:45 PM EST. Any transfer scheduled after the
cut-off time will be treated as if it were scheduled on the next business day.
ACH transfers take 1-3 business days to process.
No limit to the number of transactions per day, up to $10,000 per day.
Domestic Wire* Transfers
Outgoing wire transfer requests received before 3:30 PM EST will be processed the same business day (if funds are available and verification has been completed). Incoming wire transfers are available the day the deposit is applied to your NorthOne Account. Note: wires are only sent and received on business days.
No limit to the number of wires sent per day.
Maximum of $50,000 per wire, per calendar day.
*Your NorthOne Mastercard® Small Business Debit Card must first be activated in order to send a domestic wire transfer. NorthOne does not facilitate international wire transfers.
NorthOne is a financial technology company, and not a bank. Banking services are provided by The Bancorp Bank; Member FDIC.
The NorthOne Mastercard® Small Business Debit card is issued by The Bancorp Bank, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
For more information, please see our Deposit Account Agreement.