Elevate is designed to help you establish strong cashflow management skills, and there are limits in place to assist. During the first 30 days after your account is opened, you’ll be subject to some transaction limits and holds on deposited funds. After the first 30 days, hold times and transaction limits become less restrictive– and once you graduate from Elect to a regular account, you’ll have significantly more freedom.
When are deposited funds available?
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First 30 days |
After 30 days |
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Less than $225 |
$225 or more |
Less than $225 |
$225 or more |
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Cash (ATM or in branch), direct deposit, or ACH transfer |
Immediately |
Immediately |
Immediately |
Immediately |
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Check via ATM, in branch, or mobile banking |
Immediately |
After 9 days |
Immediately |
After 2 days |
What are the daily limits on payments or withdrawals?
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First 30 days |
After 30 days |
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ATM withdrawals |
$250 |
$500 |
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Debit card charges |
$250 using your PIN $15,000 with a full signature |
$250 using your PIN $15,000 with a full signature |
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Bill Pay |
$30,000, except electronic payments to individuals limited to $1,000 per item/$2,000 daily |
$30,000, except electronic payments to individuals limited to $1,000 per item/$2,000 daily |
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ACH payments |
Not available |
$500 initiated by you $1,000 initiated by a financial institution |