What are the limitations on ACH transfers when using Citibank to buy digital assets?

3 answers

• Alex ShevtsovDec 05, 2020 · 5 years ago
  When using Citibank for ACH transfers to buy digital assets, there are a few limitations and restrictions you should keep in mind. Firstly, Citibank may have a maximum limit on the amount you can transfer per day or per transaction. This limit can vary depending on your account type and standing with the bank. It's important to check with Citibank directly to understand your specific limits. Additionally, Citibank may have restrictions on the types of digital assets you can purchase using ACH transfers. Some cryptocurrencies or tokens may not be supported by Citibank, so it's important to verify which assets are eligible for purchase through ACH transfers. Lastly, Citibank may impose transaction fees or charges for ACH transfers, which can vary depending on the amount transferred and other factors. It's advisable to review Citibank's fee schedule or contact their customer support for more information on any applicable fees.
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• Karabadji AhmedJun 06, 2024 · a year ago
  When it comes to using Citibank for ACH transfers to buy digital assets, there are a few limitations you should be aware of. Firstly, Citibank may have daily or transactional limits on the amount you can transfer. These limits can vary depending on your account type and relationship with the bank. It's important to check with Citibank to understand your specific limits. Secondly, not all digital assets may be eligible for purchase using ACH transfers through Citibank. Some cryptocurrencies or tokens may not be supported by Citibank's platform. It's recommended to verify which assets are available for purchase through ACH transfers. Lastly, Citibank may charge transaction fees for ACH transfers. The fees can vary depending on the amount transferred and other factors. It's advisable to review Citibank's fee schedule or contact their customer support for more details on any applicable fees.
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• Aditya VegesnaOct 25, 2023 · 2 years ago
  When using Citibank for ACH transfers to buy digital assets, there are a few limitations and restrictions to consider. Firstly, Citibank may have daily or transactional limits on the amount you can transfer. These limits can vary based on factors such as your account type and banking history. It's important to check with Citibank to understand your specific limits. Secondly, not all digital assets may be available for purchase using ACH transfers through Citibank. Some cryptocurrencies or tokens may not be supported by Citibank's platform. It's recommended to verify which assets are eligible for purchase through ACH transfers. Lastly, Citibank may charge transaction fees for ACH transfers. The fees can vary depending on the amount transferred and other factors. It's advisable to review Citibank's fee schedule or contact their customer support for more information on any applicable fees.
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