We currently have limits on ACH transfers, check deposits, ATM withdraws, and Point of Sale purchases.
ACH push limits, mailed check limits, and check deposit limits can all be increased to fit your business needs. You can always request to increase these limits through the Novo app.
The current limits are as follows:
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ACH Pull Limit - $1,250 per day
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ACH Push Limit - $5,000 per day
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Mailed Check Limit - $5,000 per day
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Check Deposit Limit - $20,000 per day
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Check Deposit Limit - $40,000 per month
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Check Deposit Transaction Limit - 20 checks per month
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Point of Sale Limit - $5,000 per day; 20 Point of Sale transactions per day
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ATM Withdrawal Limit - $1,000 per day
Please note that deposits are subject to our account hold policies.