Is there a fee for sending money from my bank account?
It depends.
Sending money using Standard ACH or same-day ACH is totally free for ZenBusiness customers. But for domestic wire transfers, there's a $15 fee.
How long does it take for the payee to receive the money?
How long it takes depends on the the transfer type and when you initiate the payment.
ACH
Standard ACH: 3 to 5 business days
Same day ACH initiated before 4:30 pm: Same day
Same day ACH initiated after 4:30 pm: Next business day
Wire Transfers
Wire transfers initiated before 6 pm EST same day
What info do I need to provide for a successful money transfer?
First, you need to add the sender as a payee. Read here on how to add a payee.
Here’s what you’ll need for ACH transfers as well as Wire transfers:
Payee type: whether you are sending money to a business or a person
First and last name of the payee
Type of account you are sending money to (Checking or Savings)
Account number of the payee and the routing number of the payee’s bank
Additional details required for Wire transfer
Only required for wire transfers: wire-specific routing number and payee's address( address on file on the payee’s bank)
Can I schedule future transfers?
No, we don’t offer future dated money transfers yet.
Is there a daily or monthly limit on the amount I can send?
Yes, there are daily and monthly limits on transactions amount on ZenBusiness:
ACH
Daily ACH Limits: $10,000
Monthly ACH Limits: $100,000
Wire
Daily wire Limits: $50,000
Monthly wire Limits: $100,000
Can I set up recurring money transfers to the same recipient?
No, we don’t offer future-dated money transfers yet.
Is it possible to send money internationally through the banking website?
No, we don’t support international wire transfers yet.