We understand the frustration of having certain limitations and wait times on your deposits. Business can move quickly, and we want you to be able to keep up. However, the limits and holds that financial institutions like Grasshopper put into place benefit you just as much as they benefit us. Having these systems in place help us to better safeguard your funds and prevent illegal activity, creating a safer banking experience overall.
Check holds are designed to protect both you and the bank by giving us time to verify that the funds being transferred are legitimate. By taking the time to double check your deposits, we’re able to better ensure you’re not in danger of going into overdraft or having the check returned. Since overdraft and non-sufficient funds fees can pile up quickly, it’s beneficial to have these checks in place.
We understand that customers want to have access to their deposits as quickly as possible. Typically, our policy is to make your funds available on the first business day after the day of deposit. However, the length of the delay may vary depending on the type of deposit.
Banks have regulations on how much money can be deposited or withdrawn to prevent money laundering and other fraudulent activity. These regulations not only help to keep the bank financially safe, but protect you as well. For example, if you were to experience fraud, withdrawal limits are in place to prevent hackers from being able to remove all the funds from your account.
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Transaction limits vary depending on how you are making the transaction.
If you’re making a transaction using a wire, there are no limits.
If you’re making a transaction with your debit card:
If you’re making a transaction through ACH:
If your business requires higher limits, we can generally raise the limits with internal approval. To request an increase connect with a member of our Client Services team and let us know how much you need, the type of transaction, and your reasoning. Increases are most likely to be approved when the account has sufficient history with the bank (typically 30 days).
Brana Webb is a versatile marketing professional with a decade of experience leading brand, content, and digital strategies across industries ranging from financial services to consumer goods. With 8+ years of experience driving brand growth and customer engagement across the banking and fintech space, she has developed a strong track record of translating complex ideas into compelling campaigns that resonate with target audiences. In her current role at Grasshopper, she leads strategic marketing initiatives that support product launches, deepen client relationships, and fuel business growth. With a background spanning both in-house and freelance work, Brana brings a thoughtful, creative, and data-informed approach, helping teams connect more meaningfully with their audiences and move faster toward their goals.
