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timcederman
1191 days ago
Live Oak Bank limits business account withdrawals to $250k/day.
2 comments
shalmanese
1191 days ago
If you have a business which pays fortnightly and the average employee makes $250K, then just payroll for 26 employees will reach your limit.
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nulbyte
1191 days ago
You don't need currency to facilitate payroll; it's a series of transfers, not withdrawals. And the recipients don't usually need that much currency either, even if they do bank at the same place.
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lazide
1191 days ago
That’s a policy thing to limit capital outflows, not a technical limitation.
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fsckboy
1191 days ago
but that's exactly what we're talking about
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