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. What is the Subscription Plan offering for the “Beta Group”?
For a select group of clients, each plan will include Financial Counseling Advice (i.e Impersonal Investment Advice) as it relates to one or more guides, education materials about investing and financial planning, along with access to open brokerage accounts and a bank account.…
1 -
Q. What is an ADR fee?
U.S. investors can invest in foreign stocks through something called an American Depositary Receipt, or ADR. These securities are issued by a U.S. bank that specializes in trading and represents shares of the foreign stock. They trade on a U.S. exchange like a regular stock. …
1 -
Q. The 2021 Tax Season Dates You Need to Know
There are six important tax dates you should know for 2021. Tax Day is April 15, 2021. You can make 2020 IRA contributions until April 14, 2021, at 3 p.m. EST. Tax season is just around the corner. To help you get organized,…
2
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.
Ask your question