What is the largest dollar amount a single ACH transaction can be?

What is the largest dollar amount a single ACH transaction can be?

• A. $99,999.99
• B. $99,999,999.99
• C. $999,999.99
• D. $1,000,000.00

Answer: (B)

The correct answer reflects that the largest dollar amount allowed for a single ACH transaction is indeed $99,999,999.99. This limit is set by the National Automated Clearing House Association (NACHA) guidelines, which govern the ACH network. Such a high limit accommodates a wide range of transactions, including those for businesses that may need to make large payments efficiently. This flexibility is essential as it allows organizations dealing with significant financial exchanges to utilize the ACH network without the constraints typically found in other transaction methods. While there may be other limits imposed by individual financial institutions or specific transaction types, the overarching rule established by NACHA allows for transactions up to this figure, making it suitable for high-value payments.

The correct answer reflects that the largest dollar amount allowed for a single ACH transaction is indeed $99,999,999.99. This limit is set by the National Automated Clearing House Association (NACHA) guidelines, which govern the ACH network. Such a high limit accommodates a wide range of transactions, including those for businesses that may need to make large payments efficiently.

This flexibility is essential as it allows organizations dealing with significant financial exchanges to utilize the ACH network without the constraints typically found in other transaction methods. While there may be other limits imposed by individual financial institutions or specific transaction types, the overarching rule established by NACHA allows for transactions up to this figure, making it suitable for high-value payments.