What is an ACH transfer?
An ACH transfer is a way to move money electronically between bank accounts within the United States.
How do ACH transfers work with MAJORITY?
Money moves from one bank account to another through the ACH network.
You will need to provide your bank’s routing number and account number, as well as the recipient’s details.
You can receive ACH transfers from other banks directly into your MAJORITY account. Share your MAJORITY routing number and account number with the person sending the money. You can also log in to your other bank’s online platform, go to the transfers section, and enter your MAJORITY account details (routing number and account number) to start the transfer. You can find your MAJORITY account information in the settings section of your app.
At this time, it is not possible to send ACH transfers from your MAJORITY account to other banks.
Steps to add money from your app
Open your MAJORITY app.
Go to Wallet > Add money > Bank deposit.
Select Add bank and complete the linking process with Plaid.
If you already have a bank connected, simply select it.
Choose the account you want to transfer money from and tap Continue.
Enter the amount you want to add and tap Add money.
Review the estimated delivery time in the app before confirming.
ACH transfer deposit limits
$1,000 per transaction
$2,000 per day
$5,000 per month
Processing time
ACH transfers usually take 3–5 business days, depending on the time of day, weekends, and holidays.
Fees
Receiving ACH transfers into your MAJORITY account is free.
That’s it! You can start using ACH transfers to fund your MAJORITY account.