With your Novo account, there are three ways to make ACH transfers:
ACH Deposit (Pull)
An ACH deposit involves pulling funds into your Novo account from an external bank account. These transfers typically take 1 business day to process after the request is made however can take up to 5 business days to reflect in your account. Additionally, some ACH pull transfers may be subject to an extra 2-day holding period.
ACH Payment (Push)
An ACH payment involves sending funds from your Novo account to an external account or payee. These transfers generally take 1-3 business days to reach the recipient's financial institution, depending on whether you opt for Express ACH or Standard ACH. For faster ACH payments, check out our Express Delivery ACH option.
Incoming ACH Transfers
Incoming ACH transfers involve receiving funds into your Novo account from an external payer. These transfers typically take between up to 3 business days to be reflected in your account balance.