What does the ACH Verification process consist of?

With this process, each time you add a new financial institution to your account list, a verification process will be required before an ACH transaction can be scheduled.

• Within the next 2 to 3 business days after adding your external account, (2) test verification deposit amounts will credit and debit your external account
• When these amounts are received at your other institution, login to your Coast360 online and select “Verify” beside the external account
• The verification amount must include the decimal
• Once your external account is linked, a confirmation message will prompt and the account will appear as “Active”
• The daily ACH transfer limit is $5000. The 30-day outgoing ACH transfer limit is $20,000. For businesses, there is a 30-day calendar limit.