Yes, Forwardly has daily payment limits based on the financial health of the connected business. Currently, the daily maximum Instant transfer limit is $2,500, and the daily maximum standard limit is $15,000.
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What's the difference between instant transfers and standard transfers?
Instant transfers use a real-time payment network and moves money instantly, in only seconds.
Standard transfers take longer - sometimes they go through on the same business day but can take up to a few business days to deposit. Usually, they will be faster than same-day ACH payments.
Why would a payment send as a standard transfer?
Payments will send as a standard transfer if the sender has exceeded their daily Instant transfer limit or if an involved bank does not support real-time payments in the United States.