What’s a bank transfer reversal fee?
A bank reversal can happen if the bank you are transferring from initiates a transfer cancelation. That’ll show up in your statement as “Apex Clearing (ACH) bank reversal” or return deposit fee. This might happen when your external bank account has insufficient funds, if there’s a duplicate transfer, if a transfer was denied, or if your external bank account is closed or in an invalid state.
The best way to avoid these fees is to make sure your external bank account is in a good state and has enough money in it before starting a transfer or purchasing investments. If you need to cancel a transfer, you should always cancel it in the Stash app rather than disputing it with your bank.
In the event of an ACH reversal, the transferred funds will be returned to the originating account and you’ll be charged a fee of $0.50. Stash covers 100% of this fee.* Note: Stash is not responsible for any other ACH reversal fees, and there may be additional fees charged by other financial institutions.
DISCLOSURES
*This may change in the future.
Related questions View all Pricing
-
Q. When will my trades get executed in my Smart portfolio?
Once your money has completed the transfer and arrived in your account, we’ll execute your trades. Typically, this takes 1-2 business days. Please note that a business day is Monday through Friday, excluding weekends and US market holidays. DISCLOSURES This type of account is a Discretionary Managed Account.…
1 -
Q. Once I deposit money into my Smart portfolios, do I need to do anything?
Nope! We’ll handle the rest—this is smart investing, after all. You might want to consider investing (depositing money) regularly, though. That way your investments can grow through the magic of compound interest. DISCLOSURES This type of account is a Discretionary Managed Account.…
0 -
Q. How much can I withdraw from my smart portfolio?
You can request a withdrawal from your smart portfolio for up to the total value of your Smart portfolio — minus any pending withdrawals. For example, if your Smart portfolio is worth $1,000, you can request a withdrawal for the full balance of $1,000 or any number up to $900.…
0
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.
Ask your question