These are the daily payment limitations:
Domestic Wires: Incoming wire transfers into your Rho Account are limited to $25 million per day. Outgoing wires are limited to $10 million per day. Larger wires can be accommodated, as long as they are communicated to us in advance. For more information about sending money via wire transfer, see Transferring money to payee via domestic wire and Transferring money to payee via international wire.
International Wires: Outgoing International wires are limited to $1mm per day. Incoming international wires can be accommodated up to $10 million per day.
ACH Transfers: Incoming and Outgoing ACH transfers to and from your Rho Account are limited $2,000,000.00 per day. Larger ACH transfers can be accommodated, as long as they are communicated to us in advance. For more information about sending money via ACH, see Transferring money using an ACH transfer.
Linked External Accounts: Incoming and outgoing linked-account transfers are limited to $2,000,000.00 per day though larger amounts can be accommodated by speaking to our team. Linked-account transfers can take between 2 to 3 business days to settle. Transferring money from a linked account to Rho.
Check Deposits: Please note, check deposits take 3 business days to clear.
Each Rho Account may only receive up to $15,000.00 USD per day in check deposits (Example: one check for $15,000.00 USD, 3 separate checks for $5,000.00 USD may be deposited in a single day, etc).
You may deposit amounts in excess of $15,000.00 USD if you notify Rho in advance and Rho approves in writing. If a large check needs to be deposited, you may contact ClientService@Rho.co. The Client Service Team and Compliance Team will review your request and grant or deny it. Please note, the check will display as “canceled” in your Rho Account unless approved by Rho.
If your business needs to send a transfer for a larger sum, please contact your business banker at 855-7-GETRHO or Bank@Rho.co and they will assist you in amending your controls.
Limitations are placed on transactional activities for the protection of our clients and Rho Business Banking.