ACH (Automated Clearing House) transactions are another major payment type. MyBankTracker reported that Chase has a daily ACH transfer limit of $25,000, which could imply high monthly volumes for business and retail clients. Bank of America has a $1,000 daily limit for standard accounts, lifted with SafePass verification, suggesting significant ACH activity.
While exact transaction counts or volumes aren’t specified, the high limits and widespread use of ACH for direct deposits and bill payments indicate billions in monthly volume per bank, especially for Chase and BOA, given their deposit sizes ($2.406 trillion and $1.929 trillion, respectively)