Funding with USD from a BoA account

invalid@example.com (Uchiki), Uchiki
Mon, 06 May 2024 17:01:37 +0000
Deposit

The Moonshaft said:

Yes. The ACH system operates only to transfer funds between two different banks. If I had a checking account at Bank of America and chose to transfer funds to the checking account held by Kinesis, this internal transfer would probably happen in the space of two hours or less. The speed varies depending on the bank. This would be a routine internal transfer between two BoA customers and it would not involve ACH in any way. Also, there is usually a memo function in this type of in-bank...

Click to expand...