This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.
There are several key differences between ACH transfers and wire transfers initiated via Flourish:
| Fee charged by Flourish? | Expected arrival/settlement* | Hold imposed by the receiving institution? | Can transfer be placed online? | |
| ACH Transfer (default) | No | If placed before 5:30pm ET on any business day, funds are expected to arrive the following business day | Possibly. Your bank may or may not impose a hold of a few days, during which funds may be restricted. | You can deposit any amount online. You can place withdrawals for $1,000,000 or less online. For withdrawals greater than $1,000,000, please call us at (833) 808-5700. |
| Wire Transfer | Yes, $15 | If placed before 12:00pm ET on any business day, funds are expected to arrive on the same day around 5 or 6pm ET. | Funds arrive as cleared cash; no hold is expected to be placed by your bank. | No; wire transfer requests can only be made by calling us. |
*For withdrawal requests submitted by the applicable deadline, the funds will generally be transferred to the requested external account by the next business day, except for withdrawal requests submitted on the weekend or on a holiday, which should be completed by the second following business day, but in some circumstances, withdrawals may take longer to complete, as further described in your account agreement.