Compare ACH, Wire & RTP fees. Free tools and guides.
An ACH transfer fee is the cost a bank or payment processor charges to send or receive funds through the Automated Clearing House network. Fees typically range from $0.20 to $1.50 per transaction for businesses, though some banks offer free ACH transfers on certain account types. The exact fee depends on your bank, account tier, and monthly transaction volume.
ACH pricing for businesses usually follows one of three models: flat per-transaction fees, percentage-based fees, or tiered pricing based on volume. Most banks charge between $0.10 and $0.35 per ACH credit (outgoing payment) and $0.15 to $0.50 per ACH debit (incoming collection). High-volume businesses can often negotiate lower rates, and some treasury management packages include a set number of free ACH transactions per month.
Bank of America ACH transfer limits vary by account type and whether the transfer is consumer or business. Consumer accounts typically have daily limits around $3,000 to $10,000 for external transfers. Business accounts generally have higher limits that can be customized based on your treasury services agreement. Contact Bank of America directly to confirm limits for your specific account, as they can change and may be negotiable for business customers.
RTP (Real-Time Payments), ACH, and wire transfers differ primarily in speed and cost. ACH is the most affordable option, processing in 1–3 business days (or same-day for a small fee), with costs typically under $1 per transaction. Wire transfers are faster (same-day or within hours) but more expensive, often $25–$50 per domestic transfer. RTP settles in seconds, 24/7/365, with fees generally between ACH and wire. Choose ACH for routine, non-urgent payments; wire for large, time-sensitive transactions; and RTP when you need instant availability without the wire transfer cost.
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Business banking fees can significantly impact your bottom line. Whether you're processing payroll, paying vendors, or receiving customer payments, understanding the cost structure of different payment methods is crucial for financial efficiency.
ACH transfers, wire transfers, and Real-Time Payments (RTP) each offer unique advantages and cost structures. Our tools help you compare these options and choose the most cost-effective solution for your business needs.
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