No. of Recommendations: 0
Be Careful.... From reading the terms and conditions, if you initiate the ACH on Monday morning, you'll have the use of it on Friday.
Also, the $5,000 limitation is a bit odd. But glad ACH (in) is there anyway.
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You must initiate a Debit Request no later than 4:00 p.m. Eastern Time two (2) business days -- that is, any day except Saturday, Sunday or a banking holiday -- before the Post Date. (The “Post Date” means the date on which you want your Debit Request to be processed and credited or posted to your account at American Bank).

Example: If you want to have the incoming funds credited to your account at American Bank on a Wednesday, you must initiate the Debit Request no later than 4:00 p.m. on the Monday preceding that Wednesday.

Note: Your funds will not be available for withdrawal on the date that they are credited to your account at the Bank. Please read the discussion of Funds Availability below regarding the date on which the credited funds will be available for withdrawal from your account at the Bank.

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Note: Your funds will not be available for withdrawal on the date that they are credited to your account at the Bank. Please read the discussion of Funds Availability below regarding the date on which the credited funds will be available for withdrawal from your account at the Bank.

The minimum transfer amount that you may request is $100.00 and the maximum transfer amount is $5,000.
The Bank reserves the right to modify the foregoing limits or to establish additional limits.

FUNDS AVAILABILITY

Each ACH Direct Debit Request made through the ACH Direct service will be credited to your American Bank account on the Post Date and will become available for withdrawal on the 2nd business day after the Post Date.

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