What is the difference between ACH and E*Trade?

E*Trade has robust transfer limits, with a $100,000 transfer limit into or out of your account per day. ACH transfers use a clearing house to process the request, while fast, it’s not instant. It takes 2-3 business days between your E*Trade account and external accounts. This delay is the main drawback of using online transfers via ACH.

What is the E*Trade transfer limit?

E*Trade sets maximum initial transfer limit to $50,000 daily for new accounts. For all transactions between an external funding account and an E*Trade account, there is an aggregate transfer limit of $100,000 for each account. This limit includes the aggregate of all ACH deposits and withdrawals originated at the E*Trade.

How much does E*Trade charge for ACH transfers?

ACH transfers can be set up as one-time events or recurring investments. If you choose the recurring deposit option, you may also decide on the frequency of the deposits. E*Trade charges nothing for both incoming and outgoing ACH transfers. E*Trade sets maximum initial transfer limit to $50,000 daily for new accounts.