Daily Limits Table
Transaction Type | Frequency and/or Dollar Limits |
Initial Funding Deposit | 1 transaction, at the time of Account opening. Limit $250. Minimum $50. |
Direct deposit* | No limit to the number of transactions per day No maximum dollar limit |
ACH transfer initiated from an external financial institution* | No limit to the number of transactions per day Maximum of $500,000 per deposit, per day. |
Virtual Card ***** | Limit to one Virtual Card per Account. $5,000.00 per day between both your Card and the Virtual Card. |
Cash Transfers via GreenDot® | Maximum of 4 loads, for a total of $1,500 per day. Maximum of 7 loads, for a total of $3,500 per week. Maximum of 20 loads, for a total of $5,000 per month. Note: Individual GreenDot locations may impose lower limits on cash transfers.**** |
Incoming Wire Transfer | No limit to the number of incoming wires transfers per day. No maximum dollar limit |
Mobile Check Deposit | No limit to the number of checks per day. $5.00 minimum check value. $15,000.00 limit per check. $15,000.00 limit per rolling 24-hour period. $50,000.00 limit per rolling 30-day period. |
Debit Card Deposit Top-ups** | $500.00 per day. $5,000.00 per month (rolling 30 days). This feature is not available to new Accounts and only becomes available 30 consecutive days after Account opening. |
Cash Withdrawal (ATM)*** | 5 transactions per day. $2000.00 per transaction; up to $2000.00 per day |
Card POS Signature/PIN Transactions | No limit to the number of transactions per day Up to $5,000.00 combined total per day |
ACH Debit’s by a third party (Preauthorized Transfers) | No limit to the number of transactions per day. |
ACH Payments (Initiated from Account to an external account.) | No limit to the number of transactions per day, up to $10,000.00 per day. Maximum $300,000.00 per calendar month |
Wire transfer (Domestic only) | No limit to the number of wires sent per day. |
Limits may change based on the length of time the Account has been open, transaction history and overall Account standing.
*Direct deposits and ACH transfers: The payee name on any direct deposit(s) or ACH Credit(s) we receive must match the business name on the Account. Any such deposits received in a name other than the name registered to the Account will be returned to the originator.
** A qualifying transfer must originate from an external debit card account owned by Customer. Only one (1) debit card may be designated for Debit Card Deposit Top-ups.
Please Note: ATM deposits are not available.
*** ATM Owner-Operators, merchants and participating banks may impose their own fees and lower limits on cash withdrawals.
**** Cash Transfer limits and fees via GreenDot® are determined by the participating retail partner, and may vary by location.
*****Where applicable, the same transaction limitations as stated above in Section C “Transaction Limits” apply to Virtual Cards.
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NorthOne is a financial technology company, and not a bank.
Banking services are provided by The Bancorp Bank; N.A., 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.