Can new charlesschwab accept ach or wire
According to Charles Schwab's website, they do accept ACH (Automated Clearing House) and wire transfers for funding and withdrawing funds from your account. Here are the details:
ACH (Automated Clearing House) Transfers:
- ACH transfers are a convenient and cost-effective way to move funds in and out of your account.
- You can set up recurring ACH transfers for regular deposits or withdrawals.
- ACH transfers typically take 1-2 business days to process.
Wire Transfers:
- Wire transfers are a secure way to send and receive large amounts of money.
- You can initiate wire transfers online or by calling Schwab's customer service.
- Wire transfers typically take 1-2 business days to process, depending on the receiving institution's processing time.
Funding Your Account:
- You can fund your Schwab account using ACH or wire transfers from your external bank account.
- ACH transfers typically take 1-2 business days to process, while wire transfers are usually same-day or next-day.
Withdrawing Funds:
- You can withdraw funds from your Schwab account using ACH or wire transfers to your external bank account.
- ACH transfers typically take 1-2 business days to process, while wire transfers are usually same-day or next-day.
Please note that there may be fees associated with ACH and wire transfers, depending on the type of transfer and the institutions involved. It's always a good idea to review the fees and terms before initiating a transfer.
If you have any specific questions or concerns about ACH or wire transfers with Charles Schwab, I recommend contacting their customer service directly for more information.