but it's likely that the institution you're setting up your ACH transfer with will have much stricter limits. For example, Zelle is a popular payment processing system that uses ACH transfers.

Source of Wire/ ACH (sender and bank) 2. Any identifying code numbers (reference and verification) 3. Date Wire/ ACH transfer is expected 4. Amount of Wire/ ACH transfer 5. Student Name and ID number ...

Technically speaking, the Federal Reserve system processes transactions as long as they receive the bank routing number and account number. This is why it’s so important to protect your personal ...