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ACH

Aluminum Corporation of China Limited

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Mentions (24Hr)

0

0.00% Today

Volume

$117.9K

Avg Volume

$119.5K

Market Cap

$11B

52 Week High

$23.9

52 Week Low

$10.5

Day High

$11.13

Day Low

$10.5

Previous Close

$11.37

7 Days Mentions

5

Reddit Posts

r/RobinHoodSee Post

Coinbase ACH to Robinhood

r/stocksSee Post

Do banks change a fee when you transfer money out of their checkings account into a third party brokerage? (e.g. BoA -> Robinhood)

r/investingSee Post

My bank has screwed me over multiple times, looking for suggestions.

r/pennystocksSee Post

BUY ACH AS SOON AS POSSIBLE!

r/optionsSee Post

Wise Review [2022] | Cheap Money Transfers | Fees, Pros & Cons

r/wallstreetbetsSee Post

Wise Review [2022] | Cheap Money Transfers | Fees, Pros & Cons

r/StockMarketSee Post

Wise Review [2022] | Cheap Money Transfers | Fees, Pros & Cons

r/investingSee Post

Wise Review [2022] | Cheap Money Transfers | Fees, Pros & Cons

r/wallstreetbetsSee Post

EASY SHORT SQUEEZE $SFT RETARDS

r/optionsSee Post

International deposit and withdrawal fees on Tastyworks

r/stocksSee Post

Negative Webull cash balance - positions held in margin? huh?

r/ShortsqueezeSee Post

$SFT Needs Squeezing and More Attention

r/wallstreetbetsSee Post

Gaining Visibility on Paysafe (PSFE) Parts 5-7

r/stocksSee Post

Peeling Back the Layers on Paysafe (PSFE) Parts 5-7

r/wallstreetbetsSee Post

ACH ? Are we flying yet?

r/wallstreetbetsSee Post

Millionaire YOLO play. (Riding to $0 in reality)

r/wallstreetbetsSee Post

How to actually take advantage of GME's & Meme stocks 90 and 120 runup cycles DD

r/wallstreetbetsSee Post

How to actually take advantage of GME's & Meme stocks 90 and 120 runup cycles

r/wallstreetbetsSee Post

How to actually take advantage of GME's & Meme stocks 90 and 120 runup cycles

r/wallstreetbetsSee Post

AVDX (AvidExchange) Going Public

r/wallstreetbetsSee Post

Robinhood won't give me back my money.

r/wallstreetbetsSee Post

$ACH Alchemy Pay: HODL and STFUU until the end of time.

r/wallstreetbetsSee Post

Yall sleeping on ACH?

r/wallstreetbetsSee Post

#ACH

r/wallstreetbetsSee Post

#ACH 2 da 🌙

r/wallstreetbetsSee Post

#ACH 2 da 🌙

r/wallstreetbetsSee Post

**RED ALERT** THE THRUSTERS ARE PREPARING TO IGNITE** ACH* cb

r/wallstreetbetsSee Post

RED ALERT** THE THRUSTERS ARE GETTING READY TO BURN** ACH

r/wallstreetbetsSee Post

Pay attention to ACH Alchemy Pay on coinbase, serious movement last 48hrs 👀🧨🚀

r/wallstreetbetsSee Post

ACH Altcoin

r/wallstreetbetsSee Post

MOON MISSION PT.69

r/wallstreetbetsSee Post

DOES ANYONE PAY BILLS WITH BROKERAGE ACH? Questions inside ;)

r/wallstreetbetsSee Post

$ACH? Anyone else going all in on Alchemy Pay?? YoLO

r/optionsSee Post

Tdameritrade/Fidelity Deposit systems sucks

r/SPACsSee Post

Topps ($MUDS) is still extremely undervalued in a sea of bad SPACs with terrible valuations

r/pennystocksSee Post

I Invested In ABML At 12 Cents, Here's My Next Play - CRBTF (First Publicly Traded DeFi Company)

r/wallstreetbetsSee Post

SOFI – The Future of Consumer Banking

r/wallstreetbetsSee Post

SOFI – The Future of Consumer Banking

r/wallstreetbetsSee Post

Account Locked Again - Anyone Else Having Issues with OKCOIN's Exchange?

r/stocksSee Post

Long term company research & analysis on SoFi (filter through the noise)

r/wallstreetbetsSee Post

SoFi for the LONG TERM - No Hype Analysis!

r/investingSee Post

No Hype SoFi Analysis. Long term hold.

r/wallstreetbetsSee Post

Webull transfers

r/stocksSee Post

My experience with the Moomoo app/brokerage firm and why I wouldn't use it and left.

r/wallstreetbetsSee Post

My experience with Moomoo app/brokerage firm and why I wouldn't use it and left.

r/wallstreetbetsSee Post

My experience with Moomoo app/brokerage firm and why I wouldn't use it and left.

r/wallstreetbetsSee Post

PaySafe $PSFE primed for a runup to $17?

r/wallstreetbetsSee Post

PaySafe $PSFE primed for a runup to $17?

r/investingSee Post

Instant debit withdrawals and deposits, with fewer/no limits

r/wallstreetbetsSee Post

A short COIN (CoinBase) DD

r/stocksSee Post

Thinkorswim App “Position Equity”?

r/investingSee Post

[Schwab] "Available to Withdraw" and Wiring before T+2

r/wallstreetbetsSee Post

WEBULL to FIDELITY Transfer...PLEASE READ IF YOU ARE ON WEBULL AND CONSIDERING TRANSFERRING

r/wallstreetbetsSee Post

Fidelity WARNING

r/pennystocksSee Post

[5/06] Best-Performing China Concept Stocks

r/investingSee Post

[5/06] Best-Performing China Concept Stocks

r/wallstreetbetsSee Post

Do I own the money I made with buying power ? Even tho my ACH transfer didn’t went true?

r/StockMarketSee Post

Where Do You Store Your Money?

r/wallstreetbetsSee Post

$EEENF DD - Potential 5-10x Bagger Left - Binary Oil Stock Play 🚀

r/wallstreetbetsSee Post

Robinhood to Fidelity - Lose the zero get with the hero.

r/wallstreetbetsSee Post

CHOOSING A BROKERAGE ---- FOR PENNY STOCK / OTC TRADING

r/wallstreetbetsSee Post

PSA To Webull Users - Deposit issues

r/WallstreetbetsnewSee Post

If you xfer money into your account

r/wallstreetbetsSee Post

RH being sketchy

Mentions

It's +3 days from your pay check because of the ACH transfer, it's not random.

Mentions:#ACH

All these answers sound like an answer to a book question, with costs, and risk. If your broker will wire , sell, wire the money to you, you wire to TDA, cost $25 per wire. An ACH to TD might work, but you better find out if TDA will let you use the money from the ACH the next day , or will wait a week for it to clear (I did an ACH for 50k to TDA , and could not use it for a week, even for vertical spreads).

Mentions:#ACH

Paypal is going to use Alchemy (ACH) for their crypto transactions

Mentions:#ACH

Agreed on your first point. appreciate having a human to connect with if I screw something up. But what I do think is neat about crypto is the transfer of funds with settlement in 4-5 seconds in some cases. The current system works, no doubt, but hell, it's the 21st century. We can move a little quicker than a 2-3 day ACH transfer.

Mentions:#ACH

Meh... Have transferred far larger sums (ACH and Wires) via Chase's website. No big deal.

Mentions:#ACH

I have sort of hated on RH for a long time but for vastly different reasons than most. First customer service, there is none. This may have changed and if you submit a question what can only be submitted online they will most likely not read it and send a pre-canned response that has nothing to do with the question, then wait days or weeks to get a real response. With other brokerages you can pick up the phone and call, for example schwab has 24x7 customer service so if you need to call at 3AM sunday night you can. Second I think they just encourage irresponsible trading. They do not offer IRA/Roth IRAs only taxable brokerages . You really should probably be investing in your tax advantage accounts before gambling in an standard brokerage Then they have fire works, pop ups, emails that basically encouraged people to trade, they "gamified" trading. When I first applied for options at schwab I had to call someone on the options desk and they basically quizzed me on my knowledge , talked about what I wanted to do then gave me level 0 options (also my account was over 25k so its not like I was working with a $500 account) Then a several months later another phone call and they gave me level 1. Then I believe I just applied for level 2/3 online and didn't have a phone call. However my point was before schwab gave me options they at least questioned me to see if I had any clue what I was doing. Now RH, you 18 and have 2000, guess what level 2 options no questioned asked and they will even give you margin. Now lets get to the GME debacle , like I said any 18 year old with 2k can open an account and get margin. They also offer instant deposits , what is also margin. You really cannot do an instant ACH transfer so RH just fronts you the money while your deposit clear and if you deposit above 2k they will also front you more margin. So now comes GME and 1 million people who just learned about the market a week ago downloaded RH , initiated a transfer and starting buying GME, but remember their money didn't actually clear RH just fronted them the money. Well people kept doing this and RH actually ran out of money, they fronted so much margin to their users they didn't have enough money to actually clear the trades, so they were forced to restrict trading. Now this just shows how horribly managed of a brokerage they are, if I have a brokerage and they restrict MY trading because they extended too much margin to other people I would rightfully be pissed. However its not some grand consperacy , the truth is they just ran out of money what is almost worse .

Mentions:#GME#ACH

Yeah I did it successfully with 3 different brokerages and the money I deposited I successfully got back by having the bank reverse the transactions. REG-E allows the consumer to revoke consent after the fact, so same applies to any ACH/debit transactions

Mentions:#REG#ACH

I'm keeping a bank account I no longer use simply because I linked it to my account about two years ago. I'd rather set up automatic ACH in/out and keep it active than deal with forms.

Mentions:#ACH

No 3-day ACH clearing period, for one. That’s a huge improvement right there.

Mentions:#ACH

"Call wife's boyfriend to approve ACH transaction of $25k to continue."

Mentions:#ACH

Work? I ACH transfer a set amount for savings from my main checking, which counts as the direct deposit. Then I use my debit card 10 times at McDonald’s for my breakfast and coffee (which I get free on the app, pay just the $2 for the muffin). After I’ve used it 10 times I switch to my cash back credit card for the rest of the month. Easy peasy.

Mentions:#ACH

ACH is free.

Mentions:#ACH

After a full day of day drinking and clubbing I check my bank and get an ACH deposit from Amazon for 2k I stopped working there like 4 months ago and can’t sign in to check the paystub has this happened to anyone else?

Mentions:#ACH

They fucked me real good this year, I did an ACH debit and it cleared the next day

Mentions:#ACH

I am trying to open a Treasury Direct account and am needing to verify my identity with a signature guarantee or medallion signature guarantee from a bank. I bank with Wells Fargo and today the branch I normally go to told me that as of last year, Wells Fargo no longer offers this service. I provided my Wells Fargo checking account for the ACH setup on the TD application. If I go and get a signature guarantee from another bank, will it cause a problem?

Mentions:#ACH

It’s an ACH fraud hold. They run it so negative nothing can possibly clear and only deposits an can go in

Mentions:#ACH

No instant deposits are not Margin, it’s a set amount you can use from your own deposit while it clears ACH. Once it clears ACH you can use it for Options

Mentions:#ACH

Talk about a softball... > 2 days for funds to settle after selling Because that's how long Robinhood has to wait for the trade to clear. This is defined by the SEC (SEA Rule 15c6-1(a)) and clarified by FINRA. > 5 days for the money to reach my bank account after ACH transfer Because cashapp isn't ACH and ACH takes 1-3 business days when everything works as planned. Nacha promises 2 days and the Fed holds ACH transfers overnight in the middle of that. Cashapp [doesn't promise anything faster than 3 days when ACH is involved for withdrawing to your bank either](https://cash.app/help/us/en-us/3074-cash-out-not-instant). ...because that's how long ACH takes.

Mentions:#SEA#ACH

Obvious disclaimer: All crypto is risky, scams everywhere, trust nobody. Kraken exchange is the easiest to start earning staking rewards, they don't accept ACH transfers from banks so I use Coinbase to buy and transfer to them. BTC is the safest asset to own, but like I said the SEC pressured lending platforms to stop offering yields on it because it's a threat to big banks and their margins. BTC cannot be staked, only lent. They can't stop staking and DeFi though. Staking is locking your coins on the blockchain for use by the chain with returns to the owner. Unstaking usually takes a few days and then your coins are unlocked along with your rewards. Kraken allows for instant locks/unlocks and withdrawals but they take a % off the top. All coins that can be staked are much riskier then BTC, but could potentially grow much faster. I self stake through my wallet, and I stake some through Kraken. To self stake, you buy the coins on the exchange, transfer to your wallet (I recommend Ledger or Trezor), go to the staking website (each blockchain has their own), connect your wallet and delegate to a selected staking pool. If you do this, don't pick obscure tiny pools with no commissions, this increases risk. It's always easier to just use Kraken but less control and less reward for that service. There may come a day that the SEC forces Kraken to stop offering staking rewards in the US but you can always self custody those coins and stake them manually on your wallet. I stake SOL / LUNA / DOT / KSM / ATOM on Kraken. I self stake SOL & LUNA as well as UST through Anchor protocol. I'm not recommending these coins to anyone, this is just what I do. DYOR and decide on your risk tolerance. Crypto is a rabbit hole, keep in mind that the leading alt coins of just a few years ago are mostly trash today. I only really trust BTC, the rest are short to mid term bets with rewards that banks will never match to fight inflation.

Pretty typical with a trustworthy brokerage wants to make sure the money clears and there is no claw back. Remember how robin hood ran out of money and had to restrict trading, its because RH isn't really instant they were fronting you margin while your money cleared. They fronted so many people margin they ran out of money and had to restrict trading . Once the account is verified it should clear faster. Also as always its faster to do a push from your bank account (Log into your bank do an ACH transfer to your brokerage account) vs doing a pull (log into your brokerage and tell your brokerage to pull money from your bank account)

Mentions:#ACH

That moment when you make an ACH withdrawal from your gambling account and a few hours later muscle memory compels you to ‘see if the position has closed yet’ as if it was a buy/sell order.

Mentions:#ACH

Correct, the limits on the above are ACH transfers. People were getting upset that RH had a limit to ACH in a day, I’m showing that it’s the standard in the industry. Any bank has unlimited via wire transfer.

Mentions:#ACH

To do a wire transfer you need to call in. Thats in my comment if you read it. This comment chain is about ACH withdraw limits and that to do more than that you need to contact the bank.

Mentions:#ACH

It's pretty much that easy. ACH from a bank account to your TF account is the only way, with one exception. You can buy up to $5K a year of paper I-Bonds with fed tax refund money by filing a form with your tax return. How much they grow past Nov 2022 depends on what the future rate is adjusted to. When inflation goes low, so will the I-Bond rate. The "I" means inflations adjusted.

Mentions:#ACH

This isn't true. Schwab for example has a $100k online transfer limit to ACH funds to your bank. You can call their wire xfer team 24/7 however and verbally request whatever you want, in any amount, as long as the money is cleared in your brokerage account.

Mentions:#ACH

Nope, but I've read in a few places it just takes 1-2 business days for it to be deposited into your bank account. ACH is pretty quick these days. When I transfer funds from Fidelity to another bank it always happens in 1 business day for me. Also, I keep a month's worth of expenses in my checking account.

Mentions:#ACH

Redemptions are processed by ACH to the associated bank account at the speed of ACH. That is usually about three business days. So it could be six days if there is a three-day holiday weekend in the middle.

Mentions:#ACH

You go to your TD account online and redeem them. The proceeds are sent to your associated ACH account. ACH takes about up to three business days.

Mentions:#ACH

>I was thinking that I could just get Nicholas to send me a check with all of my money and then just wire the money to Vanguard, but I'm not sure if that's risky (check gets lost in mail or something) or comes with possible tax consequences. Thoughts? If this is a taxable account, yes - any gains are taxable events when you liquidate all your positions at Nicholas. If you liquidate all your positions into cash, it would probably be simpler to just ACH the funds into Vanguard instead of asking for paper check.

Mentions:#ACH

You can ACH over a million!? Why is my bank so crummy that it only allows 50k at a time.

Mentions:#ACH

I believe legacy banks such as Chase, Citibank, and Wells Fargo may begin losing share to newer, more tech friendly names such as Ally and Sofi. Also the home buying industry is ripe for innovation and they may lose mortgages to easier to use resources such as Rocket Mortgage. As a recent home buyer I can attest to just how incredibly drawn out and ridiculously antiquated the whole mortgage/home buying process is. In addition, I am beginning to see the trend of brick and mortar branches of these legacy banks scaling back employees and some are closing all together. P2P and B2B transfer services such as PayPal, Wise, and Remitly, are way cheaper and far more convenient than using traditional bank transfers/wires. I believe the banking industry in itself has a host of legacy issues and is severely behind the curve when it comes to innovation. The fact that a 3-5 ACH transfer hold is still standard for most of these institutions is utterly insane. Some of them have begun incorporating Zelle, which is a step in the right direction, but in my opinion far inferior to services such as PayPal, Wise, etc.

Mentions:#ACH

Oh see I consider the margin I'm utilizing as extra free money because I got completely out of margins since the interest rate on RobinHood now is a bit too high for leveraging just $SPY shares long term. When I was leveraging a 3.5 to 5% dividend portfolio for growth and dividends it was worth it for me to be deep in margin especially considering that I researched all my dividend companies and I was looking for actual dividend output and growth so I was able to beat the interest rate on the margin. Up until last month the interest rate for margin on Robinhood was only 2.5%. So as long as you are in a dividend growth portfolio that was making over that much it was essentially free money as long as you weren't losing out on share appreciation as well. If you read above the way RobinHood does it with margin it continually expands as I hit all time highs and it also expands upon ACH deposits, dividends and option premiums. But the great thing is that while the option is active margin interest is not accruing. So since I wasn't going to be using margin anyways it's essentially like free money to me unless I do get exercise on my cash secure puts then of course it starts counting the 3% or 3.5% margin interest rate. As long as I'm selling covered calls with a high delta and close to my strike price of my option that I sold that was exercised then I'll be blowing away the amount that I would be paying to access the margin interest. So to me I see the margin as "free" leverage for option premium payouts that I would otherwise not be using. I don't see getting exercised as a downside because I'll be long in SPY and if I get exercised I can always sell really high Delta cover calls as long as it's above that strike price that I chose for my cash secure put. Does that make sense? TLDR it's essentially free money to me because I wouldn't be using margin otherwise (no margin interest on options only if exercised)

Mentions:#SPY#ACH

What do you mean? The CSP premiums are instantly paid out and are considered capital gains. I believe since they are short term PUT options, the payouts if it expire worthless are considered short term capital gains. If it expires ITM and is exercised then the option premium goes towards the calculation of the cost basis. I just import my Robinhood account electronically into TurboTax software. Robinhood (APEX I believe is their processor), does this through their statements and TurboTax imports all the necessary forms. If you are asking beyond that, I'm not sure what you mean as I am not doing anything on my side. Everything is tracked through the brokerage statements and imported though tax software as necessary. I've heard where sometimes WASH sales and gains were a bit off with a brokerage but that is a bit beyond me and I'm not personally tracking it offline through an excel sheet. I am relying on my brokerage firm (Robinhood/APEX) to do this correctly. The only thing I do myself in my excel sheet is take mark of the amount of dividends + premiums I've received month to month to chart out and I have a couple columns to track my cost basis OVERALL of how much money my direct deposit + extra ACH transfers for cash I do with amount/date/from what account. That way I can track my TOTAL RETURN OVERALL. Beyond that, I don't really both much. I don't worry about taxes. If I'm paying taxes that most likely means I'm making money in my mind.

Mentions:#WASH#ACH

u/kbv510 u/dubious_dinosaur So, it is technically "Cash Secured" through margin. It requires a significant portion of margin and OPTIONS on Robinhood typically gives access to 50% of the full margin amount (or 1:1 for ACH Cash Deposits). So I have part cash (1:1) and the rest capital in margin (50%:1). When I get to full margin it will require approx 2x what the current 100x strike is for the full 100 shares Cash Secured Option. When Robinhood was nice and low for margin rates of 2.5% I had been utilizing that to leverage dividend portfolio of a 3-4% yield because it was essentially free money as long as there was no share depreciation. Due to the rising interest rates, Robinhood is popping their interest rate for margin up to match it which makes it about useless to utilize in this current market for the next year or 2. I found out that options do not count at "margin" for interest accrual. ONLY if your option is fully exercised (like a CSP being ITM at expiration) and you have the actual shares does it start to charge you the 3.5% interest on margin. Well, I like stability and very low risk. I'm not big on options as I've dipped into Vertical PUTS/CALLS and CCs and a couple others but found them to be a bit volatile for my taste. So, in walks CSPs. I was going to do it with IWM but I really did not want to do weekly IWMs or 0DTEs with $IWM as I don't like holding $IWM long term. I wouldn't mind with $QQQ but there is still a lot of downside to go in $QQQ. What I do like is $SPY. I don't mind holding any shares of $SPY. I looked into some option strategies with $SPY and found that typically CSPs on $SPY isn't usually a big winner, but those are done with the perspective that you are utilizing your own cash vs holding the underlying long with that same cash. With the margin I wouldn't typically be touching, I can make close to $20-30 in a very low risk of exercising every other day essentially. I can just take that premium and instantly buy more $SPY shares. It's almost like a free dividend. Also, considering that SPX is about to add every day expirations which will most likely trickle down to SPY soon enough, that's even better! Also, whenever I hit ATHs in my account, margin is expanded. Dividends/Option Premium/Cash ACH Deposits also give you 1:1 margin. So, as I get option premiums, I get my margin, then as my portfolio $SPY holdings expand I get more margin. The crazy thing I found out, is that margin is not taken away. So even when the account drops my margin that was already unlocked by Robinhood does not get smaller. Also, if my 0.16 delta options expire ITM and I get exercised, I just do 0.3-0.5 Delta options which make $50+ until they are exercised. While this isn't going to make me rich over night, and I'll have to continually pay for capital gains YoY, this is one of the most effective option strategies I've been able to think of for easy extra percentage of gains YoY to compound my account. No worrying about charts for the most part or worrying about Theta decay, or even about standard deviations and probabilities. Based on all the historical data I've found, 0.16 and lower deltas make the most with the least amount of exercise probability. I think 0.10 & 0.16 were the closest returns YoY to just holding the underlying. <0.30 is a popular strategy for income but I don't want to worry about having to deal with the wheel strategy much.

Redemption is basically an ACH to your linked account. Can be a day or a few to show up in your bank account.

Mentions:#ACH

Thanks! I am facing exactly this problem. Robinhood is royally blocking my ACH transfer for a few days.

Mentions:#ACH

I've been doing wire deposits instead of ACH so I have instant refills on FD fuel.

Mentions:#ACH

My fucking 3-day saga with Interactive Brokers continues. After signing up for an account I was told I couldn't trade margin, couldn't trade options, and couldn't day trade for being too poor. I re-entered my financial info repeatedly, then one of the times it just magically decided I could do all those things, and approved me. Now every time I fucking log in I have to use MFA despite using the same fucking computer. Which wouldn't be so bad except I get a message that they had to log me out for no particular reason every few minutes, even though I'm not idling, so this isn't a timing-out issue. So in the last 40 minutes, I had to re-login 11 times. I try to set up an ACH transfer and get it to recognize my bank...I put my bank info in...and it freezes on their 3rd party login. Then logs me out. Do it again, same thing. Again. Same thing. Again, this time it gets my bank to send me the one-time auth code. Put it in....hangs. Logs me out. Log back in FIVE more times... the same thing. Log in the sixth time. This time clicking the EXACT same link takes me to a different ACH page, and I get through the process. They're supposed to make two small deposits into my checking account....only they never do. Absolute fucking nightmare.

Mentions:#MFA#ACH

Storing transactional metadata in a decentralized distributed ledger. For example, Letter of Credit payment requests are often done through ACH payments. The user logs into a system and requests an amount. There are a few pieces of data captured here, perhaps an account and user name. Distributed ledger technology can enable the capture and dissemination of more data associated with that payment requests. The user would request payment and get a token that holds all of the data. Then they redeem the token for the ACH payment. The token is on a blockchain so the data is secure and available when needed. So it's not about speculating on the price of the token, it's capturing more data for the payment transactions.

Mentions:#ACH

> It allows for transactions to be settled in less than 10 minutes rather than 3-5 days for an Automated Clearing House(ACH). Is this really an issue in the US? In the UK I recently transferred a reasonable sum (5 figures) from my current account to my investment account (at a different bank). Took less than 10 seconds. Transferring between banks in country is as close to instantaneous as it can be, sending me the web page saying it had been done probably took longer than the actual transfer.

Mentions:#ACH

NFTs uses blockchain which uses just programming for all this I don’t believe there is environmental impact. But most things are very easy to fake and in turn rip people off. But an NFT is a much more simplistic way to authenticate and sell items than most systems used today. And using blockchain can make buying these NFTs instant instead of using ACH.

Mentions:#ACH

All of the features you claim can be done in the current banking system. Its a public ledger without KNC requirements- there is no easy way to track a Bitcoin through various mixers and anonymous crypto coins. You can’t be serious about crime. Before the classic kidnapping problem was how to get the money. Bitcoin fixed that. ACH takes time because you need to be able to retract the transaction in case of fraud. Bitcoin cannot be reversed in case of fraud or error - the 10 min irreversible transaction is a bug in my mind. I have never been in a situation the typical ACH time was intolerable. I would be interested to hear how these come about.

Mentions:#ACH

It allows for people in countries with wildly fluctuating currencies like Turkey to maintain purchasing power. It allows for migrant workers to send money to their home countries without paying big fees to companies like Western Union. It allows for transactions to be settled in less than 10 minutes rather than 3-5 days for an Automated Clearing House(ACH). Also with regards to the crime, it's literally a public ledger, it's one of the most trackable moneys in the world. Within the past 3 years, the technology has really caught up and governments are now tracking down criminals who thought they were oh-so-anonymous back in 2016. If I were a criminal, I would definitely stay in cash. I will agree with you on scammers though, I think there's always people who will prey and take advantage of those who don't know what precautions to take with a new technology or tool.

Mentions:#ACH

I just got a $30 ACH deposit from Square? They giving out money now? Cause where did this come from

Mentions:#ACH

You have to double check the broker will allow that much, normally there is a hold on some of the funds. When I was working at TDA if you ACH'd anything over 15k then sometimes you'd have to get a 3 way call between the Margin dept, your bank, and you to verify. That was a couple years ago though, I haven't spoken with my friends still working there

Mentions:#ACH

They will allow cash available to trade immediately from ACH. Just don't sell and buy again with the same funds for T+2 and you won't get whacked.

Mentions:#ACH

Go online right now and get a brokerage account, I use TDA, Schwab (yes I know they technically are the same company now), and Fidelity. Considering the apparent quickness with Fidelity for DRS, I would go with them. WIRE the funds so you can make sure you can use them ASAP, DO NOT do ACH unless Fidelity will allow you the use of the funds immediately

Mentions:#WIRE#ACH

Lmao first time using ACH I see

Mentions:#ACH

Schedule of Fees Purchases – A one-time $15.00 enrollment fee to establish a new account for a non-shareholder will be deducted from the purchase amount. – Dividend reinvestment: Discover Financial Services pays the transaction fee on your behalf and you pay a fee of $.06 per share\* purchased. – Each optional cash purchase by one-time online bank debit will entail a transaction fee of $2.00 plus $0.06 per share\* purchased. – Each optional cash purchase by check will entail a transaction fee of $5.00 plus $0.06 per share\* purchased. – If funds are automatically deducted from your checking or savings account, the transaction fee is $2.00 plus $0.06 per share\* purchased. Funds will be withdrawn on the 25th of each month, or the preceding business day if the 25th is not a business day. – Fees will be deducted from the purchase amount. – Returned check and rejected ACH debit fee is $35.00. Sales – Each batch order sale will entail a transaction fee of $15.00 plus $0.12 per share\* sold. – Each market order sale will entail a transaction fee of $25.00 plus $0.12 per share\* sold. – Each day limit order sale will entail a transaction fee of $25.00 plus $0.12 per share\* sold. – Each good-til-canceled (GTC) limit order sale will entail a transaction fee of $25.00 plus $0.12 per share\* sold. – Sale requests processed over the telephone by a customer service representative will entail an additional transaction fee of $15.00. – Fees are deducted from the proceeds derived from the sale. \*All per share fees include any brokerage commissions Computershare is required to pay.

Mentions:#ACH

Learn some more about how ACH works and you might disagree about the world’s least efficient database. Unless you’re just talking about energy efficiency.

Mentions:#ACH

Not really. It's literally how USD works. There are non-final transfers like paying through Paypal or ACH. And there are final interbank transfers like international wire or physical cash transfer. An internal Paypal to Paypal crypto transfer is the former and a private wallet to wallet transfer is the latter.

Mentions:#ACH

So who’s the competition here? Kraken can’t figure out how to make ACH make sense, and Binance is everything you dislike about CoinBase but worse.

Mentions:#ACH
r/optionsSee Comment

I feel like my ACH goes through on the same day or next day with TDA anyways.

Mentions:#ACH
r/optionsSee Comment

TD works right away if you wire money to them vs ACH.

Mentions:#ACH

Can purchase up to $10k/year and additional $5k/year from tax return. You can't sell for the 1st year. Interest accrues monthly and compounds every 6 months(adds to the interest accruing balance). If you sell in the first 5 years then you lose the last 6 months of interest. Selling is an ACH deposit into your bank account in 1-2 days.

Mentions:#ACH

Most brokers will just unwind the whole string of transactions if you did this as described as well as shutting down your account for fraud. You realize this is a crime right? Probably not the best idea to admit to $110k in ACH deposit fraud. Source: I'm a fraud investigator at a brokerage.

Mentions:#ACH
r/stocksSee Comment

If BoA charges for ACH transfers, find a new bank. Absolutely zero reason to put up with that.

Mentions:#ACH
r/stocksSee Comment

Brokers cannot lend out your shares unless you owe the broker money, and have gone through the extensive sign up process for a fully paid share lending program. Unless you have done something like have an ACH transfer reversed, the broker cannot lend out any shares from your cash account. The brokers cannot lend out shares from your margin account unless you have a margin loan balance, If you do have a margin loan balance the broker can lend out shares of market value up to 140% of the margin loan balance. If you don't trust the brokers when they repeatedly tell you this, then you should withdraw all funds from that broker. Then you should pull all of your money out of the bank, because they may be lying to you also.

Mentions:#ACH
r/wallstreetbetsSee Comment

Uh oh. Deals getting bought up while my ACH transfer settles 🐢

Mentions:#ACH
r/wallstreetbetsSee Comment

ACH should not have Off on the weekends. It's a FUKKIN computer. 🖥️ 🤣🤣

Mentions:#ACH
r/stocksSee Comment

F is down 4.6% today. That is just ridiculous. I just did an ACH into my account to buy more. They're still low in their 52 week range so I feel good about that.

Mentions:#ACH
r/wallstreetbetsSee Comment

bullish on WEAT, AA, ACH, and BNO

r/wallstreetbetsSee Comment

Yo anyone playing $ACH Aluminum Corporation of China? Ik its a Chinese name, but might be a great aluminum play

Mentions:#ACH
r/investingSee Comment

Go to Vanguard or Fidelity or Schwab or another broker and open a Roth IRA. Fill out the forms. Once it's approved, link your bank account for ACH. Select 2021 Contribution (which is available until tax day in April 2022) and deposit some amount up to a yearly maximum of $6k or the amount of earned income you had for 2021, whichever is smaller. If you have more to contribute, do a 2022 contribution. If you have more than that, open a (taxable) individual brokerage account as well and deposit the rest there. Once the money has been cleared in your account, go to the search and type in either VTI or VTSAX for US stocks and click trade. Enter the number of shares or dollars you want to buy, respectively, check that it looks correct and submit. Then do the same for VXUS/VTIAX for international stocks and BND/VBTLX (or BNDW or VGTL/VUSUX or other) for bonds. Note that VTI, VXUS, BND are ETFs that trade during the day on the market and should be free to trade at pretty much any US broker while VTSAX, VTIAX, and VBTLX are the mutual fund forms of the same funds which you transact directly with the fund overnight and have a 3k minimum investment and are only free to trade at brokers that list those funds as NTF (which of the brokers I mentioned above is only Vanguard). They are all index funds managed by Vanguard.

r/investingSee Comment

ACH to my checking account. I can write script to automatically send you NFTs

Mentions:#ACH
r/investingSee Comment

> the receiving institution must be able to accept ACH transactions More important than that, the employer -- the "paying" institution" -- must be able to split your paycheck across multiple accounts. Most large services can; but you shouldn't assume all of them want to or are able to. So, check that first. Also, be aware that -moving- cash into such an account, and -investing- it into something, are of necessity two separate steps, often on separate schedules.

Mentions:#ACH
r/investingSee Comment

>Assuming you are in the US. For direct deposit to work, the receiving institution must be able to accept ACH transactions. And then process them directly into the asset that you want to hold. Yes, looking for an institution that could do that. >Your caveat that it must be an asset that you can't easily withdraw makes me think of savings bonds. >The US Treasury has a payroll savings option on TreasuryDirect that may suit your needs - [https://www.treasurydirect.gov/indiv/products/prod\_tdpayrollinfo.htm](https://www.treasurydirect.gov/indiv/products/prod_tdpayrollinfo.htm) Unfortunately, this has a yearly cap. >Or just deposit it into a retirement account **with automatic investments** of some sort and you won't be able to withdraw from it. Which retirement accounts allow this?

Mentions:#ACH
r/investingSee Comment

Assuming you are in the US. For direct deposit to work, the receiving institution must be able to accept ACH transactions. And then process them directly into the asset that you want to hold. Your caveat that it must be an asset that you can't easily withdraw makes me think of savings bonds. The US Treasury has a payroll savings option on TreasuryDirect that may suit your needs - [https://www.treasurydirect.gov/indiv/products/prod\_tdpayrollinfo.htm](https://www.treasurydirect.gov/indiv/products/prod_tdpayrollinfo.htm)

Mentions:#ACH
r/StockMarketSee Comment

This what to do with your money he/she asks . Then says Slow down :) I'll slow down because I'm seeing the results already and thinning positions as well as looking at exit strategies while others are still trying to figure out what to do and have so far not done anything. Check out , CLF, FCX,ACH,AA,SCCO,X, WEAT for starters

r/wallstreetbetsSee Comment

wire money instead of ACH is only way faster

Mentions:#ACH
r/StockMarketSee Comment

Alcoa has done extremely well leading to this as has ACH, X, essentially basic materials and commodities , look at wheat or corn for example or even the ETF WEAT . Hecla mining ( primary silver ) . Look at the sectors that are positive today and see how they have been doing.. wars are created by politicians not the average person. As crazy as this may sound, wars are used as a diversion to take the average person's eyes away from what is really going on .don't get blinded by the news of the day and forget what has happened the past couple years . Don't forget there are elections in the USA in November but there are other elections in other countries this year also . Everything is connected so don't fall for the hey look over there when you should be looking the other way . For many they won't figure out what to do with their money until after everything has already moved . Why are we fighting over oil when we were supposedly going to be doing away with fossil fuels ? Are we losing trust in governments ? The time to begin positioning for war was about 8 years ago .. Crypto will have a role to play as well . I am not sure how or why but I think we need to think way outside the box and hedge ourselves in many directions .. Food does matter but how long can it last ? Can you grow your own even if a small amount . Do you have enough freezer capacity to hold enough food for a month or 2 if need be ? How much water , what if power goes out ? Back up heat ? These are lifestyle choices . Do we become opportunistic shoppers where we buy on sale good items just to stock up a little ( nothing crazy ) ? Where do we live ? Would It make sense to live in a larger city at a time of chaos with higher crime rates or people trying to survive ? How long can the shelves in the grocery store stay filled if we all rushed in to buy up everything ? Imagine the covid toilet paper experience with food . Imagine lot of hungry people in a major city . Do you really want to be in that crowed ? Your job might pay well and you might need to be close by but when the shit hits the fan I would think being away from that crowded city would be the better place to be . My point to all of this and no doubt I missed a lot . If we're going to allocate for war, then we should be thinking of a lot more than just where to put our money . We should be thinking of how we will survive.

Mentions:#ACH#WEAT
r/investingSee Comment

If you are selling naked puts, as long as you don't breach the house requirement, you would get a margin call. Assuming that you have regular reg-t margin, you have 5 iirc to service the call. If you deposit via wire, it is immediate. ACH will take a few days.

Mentions:#ACH
r/investingSee Comment

A credit card and debit card A few hundred in small bills cash at home. Sometimes cash is king, e.g. towing companies won't take anything but cash. A small hoard of silver coins in case SHTF High Yield Savings Account with associated MMF that has a debit card and checks for quick access without waiting up to a week for ACH transfers. Ladder something like half into I-Bonds to round out a generous E-Fund.

Mentions:#ACH
r/investingSee Comment

My strategy with HYSA is to also have a MMF as part of the account. I can move money from savings to MMF in a matter of seconds. Once in the MMF I have a debit card and paper checks. Moving money by ACH from one institution to another generally takes 3 business days and sometimes a day or two longer. If your need is on a Friday of a three day weekend holiday you are looking at about a week to get the money transferred and usable. That's ok in most cases.

Mentions:#ACH
r/investingSee Comment

I am the most anti-crypto person you'll meet (I do IT/software for a living so... crypto strikes me as BitTorrent trackers/P2P with some hashes added in) &#x200B; However, I can't help but think... "crypto" as a whole... there's gotta be at least one protocol that doesn't suck. BTCs protocol might suck, but like... so does modern banking (ACH) Obviously people ar eslowly rebuilding lightining transactions and then "settling" on the bitcoin chain &#x200B; it's all a joke in my opinion, but to say that not one crypto coin can get protocol better, idk... i'm optimistic. are you> just not BTC or ETH i guess

Mentions:#ACH#BTC
r/investingSee Comment

>You know your "innovative technology" sucks when it needs a bunch of add ons The internet is a bunch of protocols built over time: tcp, ip, http, etc...You don't understand any of that because it's all abstracted away. Anybody who's been around knows the growing pains of the early internet. That's how technology evolves. Crypto protocols simply sit on top of that and extend it. Layer 1 was proven, and now it needs to scale with rollups and sharding. >to become 1/50th as efficient as existing 20 year old technology. I can send money using Ethereum and have it settle in seconds. How long does ACH take? How long to sell your mutual funds? How long to withdraw to your bank?

Mentions:#ACH
r/wallstreetbetsSee Comment

Invest in "ACH Deposit", I've never lost on that one

Mentions:#ACH
r/wallstreetbetsSee Comment

Same reason ACH deposits won't go through etc. tomorrow. The machines need to feast upon the blood of children.

Mentions:#ACH
r/investingSee Comment

I wonder how this will impact cryptocurrency. Who gives a shit if you are banned from ACH/SWIFT if you can still do business on other financial networks. Do these countries move towards creating their own financial network or using the blockchain?

Mentions:#ACH
r/investingSee Comment

Logistically, how feasible is it to use these as a true emergency fund? How long does redemption take? 3 day ACH? Do they mail you a check?

Mentions:#ACH
r/RobinHoodSee Comment

The only way they'd know the size of the two deposits is through your bank. Not your debit card, ACH.

Mentions:#ACH

Loose pink stuff is blown fiberglass. It comes in many different colors, but the pink stuff was marketed very well. Cost, space, and site conditions can be issues. I’d rather have a .3 ACH50 house which can be achieved regardless of 2/3 of the issues mentioned above.

Mentions:#ACH
r/investingSee Comment

I've never met anyone who uses their bank account every day. Most people use credit cards and settle up once a month with their bank accounts because ACH and Fedwire'ing in and out of a bank account are slow and cumbersome unlike a crypto wallet. Are you writing checks at every grocery checkout or something? lol

Mentions:#ACH
r/wallstreetbetsSee Comment

So I've been on quite the run lately. I've never lost money trading ACH. First it was $500, so I tried again and made another $500, did a big bet for $1500 and my portfolio just keeps going up up up

Mentions:#ACH
r/investingSee Comment

Do you mean as a seller or a merchant? As a buyer it functions exactly the same as any other digital wallet, you can connect a credit card or a bank account, and if you get paid or a refund comes in, you can either hold it in your Paypal account or transfer it to a bank, which is free unless you choose to wire instead of ACH so it arrives faster. As a merchant you need to contract with someone to process digital payments, and Paypal's card processing fees for businesses are in line with traditional processors (there is little to no price competition among card processors, much like gas stations they're all selling fundamentally identical products with very public pricing so the market won't support one charging more than the others). Like buyers, merchants can hold their balance in Paypal or have regular automatic transfers to a bank account at no cost. Paypal has expended a lot of metaphorical shoe leather becoming a household name with small ecommerce businesses, for whom it's much easier to connect Paypal to their website than to accept credit cards directly, because Paypal functions as a full stack gateway (processor + merchant account) where the traditional solutions require you to have a business merchant account with a traditional bank, plus a payment processor service connected to it and to your website, which are not as easy to open or set up as Paypal. Shopify is really coming for Paypal's lunch on that front, though.

Mentions:#ACH
r/wallstreetbetsSee Comment

How did you deposit said money? Maybe wire the money instead? ACH can take up to 5 days sometimes (supposed to be 3 but I’ve seen 5).

Mentions:#ACH

Yup. I know a lot of companies used to be hesitant to actually use ACH payments especially for contractors because then they'd have to issue them a 1099 NEC because they were directly paying them and the workaround was using PayPal. For a lot of years people could effectively hide their eBay or business income because the contracting company would pay them through PayPal PayPal wouldn't really have to report anything and that was basically it. What changed was back I think in 2019 or 2020 a bill was passed that would require them to issue those 1099 case once there was more than 20,000 or 200 transactions. And since then I think PayPal is definitely come under fire and probably losing users because well why would you want to run your payments through this processor when you could potentially shift to something that bypasses the overall requirement. And if you're a company who is paying your contractors through PayPal there really isn't a benefit anymore because it's almost easier to just do ACH payments

Mentions:#ACH
r/investingSee Comment

You're confusing credit and settlement. Visa is basically a giant payment queue that you settle up with once at the end of the month through SWIFT/ACH. What we call "money" is a bunch of COBOL servers that run a batch update once overnight. You could call that a "block", except there is no immutable history or supply cap. Bitcoin's settlement finality is equivalent to moving gold from your hands to someone else's and can't be corrupted even by a government through debasement or direct seizure. This is very distinct from Visa and not something that has existed in payments and the organic origins will likely never be reproduced. Visa, Paypal, Lightning, Stripe, etc are more like sidechains that plug into either Bitcoin or SWIFT.

Mentions:#ACH
r/investingSee Comment

Low cost international currency transfer. Pseudo-anonymous transactions are possible. Alternative payment clearing house to ACH and other banks. Alternative retail payment clearing to Visa and other card processors. Resistant to local corruption. Resistant to local currency inflation pressure.

Mentions:#ACH
r/wallstreetbetsSee Comment

ACH should clear almost instantly if your bank is linked. Unless they restrict what you can buy as if it is unsettled funds. I know it shows up instantly in my account when I use that option.

Mentions:#ACH
r/wallstreetbetsSee Comment

Can't you do the ACH option on there?

Mentions:#ACH

I played $ACH a little bit last year, it bounces around enough that if you buy at the bottom of its range you will probably make money on short duration options. In fact it's at the bottom right now and with Olympics/ Chinese new year coming up it might be a good time to dip my toe into some Chinese stocks.

Mentions:#ACH
r/investingSee Comment

I'm not sure where to start with these things... There are so many goldbug fallacies that I can't really get my mind around it. No end game for gold and Bitcoin is not the same. Gold serves little purpose. Try transferring $10,000,000 with gold... Or ACH... Or SWIFT. Bitcoin is a store of value AND a more efficient means of transfer. Can't do that with gold. Yes, Bitcoin and crypto are going through price discovery, but they are not even remotely done because of utility. Look who's cherrypicking time frames... But sure... I'll take your 70s-80s and compare to any 10 year period in crypto. Or, do a 30 year stretch like I said, and you'll see that gold can't hold up. It never has and never will. Wages going up and repricing assets is exactly what inflation is... Where the hell did you learn economy? Dodo school? Bonds are legal tender... I can go into any bank and cash them at any time. I can even go to any major retail location and buy things with them. You will not get the full mattured value from it, but you can buy shit. And as far as crypto... I can get a crypto.com visa card, coinbase debit card, gemini pay card, or many others, that are a debit cards which draw directly from my crypto assets. Where can you do that with gold? Also, any place accepting square or PayPal payments will accept crypto as well... Literally millions of merchants in the US... Oh and then there's the lightning network which accepts pure btc. There are literally options galore. Gold is a false store of value... Period. I've seen a culture collapse, gold was worthless and coffee, cigarettes, tea, and food items had more value than gold. There's nothing valuable about gold. The price is artificially inflated by the gold cartel, believe that or don't.. That's up to you. But gold is NOT up 300% when adjusted for inflation... Not CPI, because that's a bullshit metric....real inflation that's 2x or more of the CPI. There is an old gold bug rule... 1oz of gold can get you a nice tailored suit, a good dinner, and a good night sleep in a good hotel. That's no longer a case... A nice tailored suit is $2k,a nice dinner is $300 or more and a nice hotel is $500 or more a night... The math is off, and you know it. So let's talk historical performance... Btc has given 200% average annual return over the last 12 years... If you bought $1000 worth of btc at the start of 2011 you'd have 3,333BTC...that's $123 million today. Pick any point in BTC life over a 4 year span and you'll end up with more money in your pocket than you started with... Any...and I use 4 years for a specific reason in btc terms. Now gold is not about reducing risk... It's about perceived reduction...not realized or actual reduction of risk. In fact most people who invested in gold lost money for doing so. They usually sell assets when it's too late and shit has already hit the fan, buying gold at the highest price, and then they miss of the upswing in other markets while the gold value is going down. If gold was about reducing risk then value wouldn't fluctuate or stagnate for long periods of time... But instead gold is a risk asset, that's speculative and prone to change... On top, gold is the most manipulated asset in the open market and its ridiculous how much people miss that aspect of it. Finally, you're always better off letting your money sit in the market than you are going in or out of gold. Statistics don't lie

Mentions:#ACH
r/StockMarketSee Comment

Merchants also do not have to pay a fee is the customer pays through check or ACH payment. Most institutions pay through ACH payment now and it is no charge to merchant. From a B2B play it's mostly ACH, there are a few credit cards and you would be surprised how many businesses still pay with paper checks.

Mentions:#ACH
r/investingSee Comment

If a debit card/service simply transferred funds directly over ACH or cheap crypto rails rather than through the Visa network with 3% fees I don't know why people wouldn't use that. Most stores are eating that fee so they'd probably pass on half of that savings and still save money. Amazon is already looking at ditching Visa in England. At $386B revenues there's a $7B savings opportunity being wasted on a middleman.

Mentions:#ACH
r/investingSee Comment

It also doesn't replace Visa. Instant ACH would not replace Visa. Do people go around spending with their routing and bank details? No. Do you get points from using ACH? No. People who think this thing or that thing will kill the card networks so easily don't understand payments. (especially the crypto delusions out there) OP had it right where the issue with Visa is growth, which is a necessity at these prices. That Plaid acquisition would've been quite lucrative for them. It'll be harder for them to expand in potential adjacent spaces under increased scrutiny.

Mentions:#ACH
r/wallstreetbetsSee Comment

I mostly trade on tastyworks, and recently got rid of Fidelity except for a savings account. I’ve never had a problem with RH, their executions aren’t the best although they have recently improved noticeably, but the platform is generally smooth and by far the best mobile experience. The debit card is great for access to cash holdings when desired without having to wire or wait for an ACH to another account. The ape trash talk of the platform is largely that - trash talk. Is it the most powerful platform or the best for managing large positions (1m+)? Of course not. But it has a lot of merit and I imagine it will continue to improve

Mentions:#ACH
r/wallstreetbetsSee Comment

my only regret is that I used ACH to deposit funds this week, got stuck trading SQQQ today instead of puts, would've made beaucoup bucks instead of the respectable gain I did make. &#x200B; A win is a win tho, get fukt bulls

Mentions:#ACH#SQQQ
r/optionsSee Comment

No, ACH if done before 11 am California time time, cash is available at 11:59 pm - 12:01 am the same day ( checked many times ). One transfer is free per month, others are just 1dollar per transfer regardless of cash amount to yourbank account. Or open IBKR debit card, cash is available instantly to you including margin.

Mentions:#ACH#IBKR
r/wallstreetbetsSee Comment

depends on the broker and why its pending. From a sale? yeah, you can use it, just dont sell before it settles or youll get GFVd if youre in a cash account. If its a new deposit, Fidelity made me wait til my check cleared before they let me use it. Same with Tastyworks for ACH.

Mentions:#ACH