With your Novo account, there are three ways to make ACH transfers:
ACH Deposit
An ACH deposit, or pull, involves pulling funds into your Novo account from connected external bank accounts. These transfers usually take 1 business day upon request but can take up to 5 business days to reflect in your account. Some ACH pull transfers may be subject to an additional 2-day holding period.
ACH Payment
An ACH Payment, or push, involves “pushing” or sending funds out of your Novo account and into an external account or payee. These transfers can take up to 1-3 business days to arrive at the receiving financial institution depending on if you use Express ACH or Standard ACH.
For faster ACH payments, check out our Express Delivery ACH option.
Incoming ACH transfers
An incoming ACH transfer involves receiving funds from an external payer. These transactions can take 0-3 business days to reflect in your account balance.
Related articles:
What are the Express ACH timing windows?
How can I receive a wire transfer?
How do I send an ACH or bank transfer from my current bank account to my new Novo account?