How to Send Wires, ACH, and Internal Transfers with Holdings

Managing your business finances shouldn’t feel like running an obstacle course-especially when it comes to moving money. Yet, for many small and midsize business owners, transferring funds can be a headache filled with hidden fees, confusing bank jargon, and clunky online banking systems. That’s where Holdings steps in: we’re here to make sending wires, ACH payments, and internal transfers simple, fast, and-best of all-completely fee-free.

If you’re tired of traditional banks nickel-and-diming you for every transfer, or you’re looking for a smarter way to handle payroll, vendor payments, and cash flow, this comprehensive guide is for you. We’ll break down each transfer method, walk you through every step, and show you how Holdings saves your business both time and money. Plus, we’ll answer your burning questions about security, timelines, and how our all-in-one platform can help your business thrive.

Why Transfer Money with Holdings?

Let’s start with the big picture: why choose Holdings over the old-school banks? Here’s what makes us different:

• Zero fees on all transfers-no matter the amount, frequency, or account type.

• High-yield banking that rewards your business with up to 3.0% APY, so your money works as hard as you do.

• Integrated accounting and bookkeeping tools, so you can manage every dollar from a single dashboard.

• Instant internal transfers for real-time cash flow management.

• Up to $3M FDIC insurance for peace of mind.

• No hidden costs, no minimums, and no penalties-just perks for being a good customer.

Now, let’s dive into how each type of transfer works and how you can make the most of every feature.

Understanding Your Transfer Options

Holdings offers three main ways to move money: ACH transfers, wire transfers, and internal transfers. Each serves a different need, but all share the same core benefits-speed, security, and zero fees.

1. ACH Transfers: The Workhorse for Everyday Payments

What is an ACH Transfer?

ACH stands for Automated Clearing House, a nationwide network that moves money electronically between banks and credit unions in the United States. Think of it as the backbone of domestic payments: it powers everything from direct deposit paychecks to vendor payments and recurring bills.

When should I use ACH?

• Paying suppliers or contractors within the U.S.

• Running payroll for your team.

• Scheduling recurring payments (like rent or utilities).

• Sending payments to vendors or service providers.

How long does it take?

ACH transfers typically take 1–3 business days to process. This is because the ACH network batches and settles transactions at set intervals, rather than instantly.

How much does it cost?

With Holdings, ACH transfers are always free. Traditional banks often charge $1–$3 per ACH transaction, which can add up quickly if you’re running payroll or making frequent payments.

Real-world example:
Imagine you’re an e-commerce business owner who needs to pay a supplier in California. With Holdings, you can schedule an ACH payment in a few clicks-no fees, no paperwork, and your supplier gets paid on time.

2. Wire Transfers: Fast, Secure, and Ideal for Urgent Payments

What is a wire transfer?

A wire transfer is a direct, electronic transfer of funds from one bank account to another. Unlike ACH, wires are processed individually and typically settle the same day (for domestic wires), making them perfect for large or time-sensitive payments.

When should I use a wire transfer?

• Sending a large payment that needs to arrive the same day.

• Paying a vendor who requires immediate confirmation.

• Handling real estate closings or other high-value transactions.

How long does it take?

Domestic wire transfers with Holdings are completed within one business day-often within hours, depending on the time of submission.

How much does it cost?

Holdings charges no fees for wire transfers. Compare that to traditional banks, which typically charge $20–$65 per wire (and sometimes even more for international wires).

Real-world example:
Let’s say you need to secure inventory from a new supplier, and they require same-day payment to ship your order. With Holdings, you can send a wire transfer instantly-no waiting, no fees, and you keep your business moving forward.

3. Internal Transfers: Move Money Instantly Between Your Holdings Accounts

What is an internal transfer?

Internal transfers let you move funds between your own Holdings accounts-such as from your operating account to your payroll or savings account. These transfers are processed instantly.

When should I use an internal transfer?

• Allocating funds for payroll or taxes.

• Moving profits into a high-yield savings account.

• Managing cash flow between different business units or locations.

How long does it take?

Internal transfers are instantaneous. Move money any time, day or night, and it’s available immediately.

How much does it cost?

Absolutely nothing. Internal transfers are always free with Holdings.

Real-world example:
You’re preparing for payroll and realize your operating account is a little short. With Holdings, you can move money from your savings to payroll instantly-no delays, no fees, and your team gets paid on time.

Step-by-Step: How to Send a Transfer with Holdings

Ready to move your money? Here’s exactly how to do it-no jargon, no confusion.

Step 1: Log in and Head to Your Activity Page
After logging into your Holdings account (via desktop or our mobile app), you’ll land on the activity page. This is your financial command center, showing all your recent transactions and account balances.

Step 2: Click “Money Out”
Look for the “Money Out” button-it’s your gateway to sending payments. Click it to start a new transfer.

Step 3: Choose Your Transfer Type

• Bank Transfer (ACH): For domestic payments processed through the ACH network.

• Wire Transfer: For faster, same-day domestic payments.

• Internal Transfer: For moving funds between your Holdings accounts.

Step 4: Enter Recipient Details

• For ACH or wire transfers:

  • Full name of the recipient or business.

  • Routing number and account number.

  • Destination address (for wire transfers).

• For internal transfers:

  • Simply select which of your Holdings accounts you want to send funds to.

Step 5: Confirm and Submit
Double-check all the details-especially account numbers and amounts. Once everything looks good, hit submit.

Step 6: Track Your Transfer

• ACH: Funds will arrive in 1–3 business days.

• Wire: Funds typically arrive the same business day.

• Internal: Funds move instantly.

You’ll get real-time notifications and can track the status right from your dashboard.

Fee-Free Transfers: How Much Can You Really Save?

Let’s talk numbers. Here’s how Holdings stacks up against traditional banks and payment processors:

If you run payroll biweekly, pay multiple vendors, and move money between accounts, those fees can add up to hundreds-or even thousands-per year. With Holdings, that money stays in your business, fueling growth and profit.

Security and Peace of Mind: How Holdings Protects Your Money

We know security is non-negotiable. Here’s how Holdings keeps your money and information safe:

• Bank-level encryption: Every transaction is encrypted end-to-end.

• Two-factor authentication: Extra protection for your account and transfers.

• Up to $3M FDIC insurance: Your deposits are protected well above the industry standard.

• Real-time fraud monitoring: Our systems watch for suspicious activity 24/7.

• No paper checks, no risk of lost mail: All transfers are digital, reducing the risk of check fraud or theft.

Integrated Tools: More Than Just a Bank Account

Holdings isn’t just a place to park your money-it’s a complete financial sidekick. Here’s what you get:

• All-in-one dashboard: See your banking, accounting, and bookkeeping in one place.

• Automated accounting: Sync your transactions for easy bookkeeping and tax prep.

• Payroll tools: Run payroll directly from your Holdings account-no extra software needed.

• Instant notifications: Get alerts for every deposit, withdrawal, or transfer.

• Mobile app: Manage your money on the go, from anywhere.

Frequently Asked Questions

Q: Can I send international wire transfers with Holdings?
A: At this time, Holdings specializes in domestic ACH and wire transfers. If you need to send money internationally, we’re working on expanding those capabilities-stay tuned!

Q: Are there any limits on how much I can transfer?
A: For security, there may be daily or per-transaction limits, especially for new accounts. These limits are designed to protect you from fraud and can be adjusted as your business grows.

Q: What information do I need to send a wire or ACH transfer?
A: You’ll need the recipient’s full name, routing number, account number, and (for wires) their address. Double-check these details to avoid delays.

Q: How do I know my money is safe?
A: Holdings uses advanced encryption, real-time monitoring, and FDIC insurance up to $3M to protect your funds. Plus, our support team is always here if you have questions.

Q: Can I connect my Holdings account to accounting software?
A: Absolutely! Holdings integrates with popular accounting tools and also offers built-in bookkeeping features, so your financial records are always up to date.

Real-World Scenarios: How SMBs Win with Holdings

Let’s bring it all together with some real-life examples:

Scenario 1: Payroll Made Easy
You run a 10-person marketing agency. Every two weeks, you process payroll using ACH transfers-no fees, no delays. If you need to top up your payroll account, you move funds instantly from your main account. Your employees get paid on time, and you save hundreds in bank fees each year.

Scenario 2: Vendor Payments Without the Pain
You’re a retail shop owner who orders inventory from multiple suppliers. Some need same-day payment (wire transfer), others are fine with ACH. With Holdings, you handle both from one dashboard, never worrying about surprise charges.

Scenario 3: Managing Cash Flow Like a Pro
You’re a startup founder juggling several projects. You use internal transfers to allocate funds for taxes, payroll, and savings-instantly, with zero fees. Your cash flow is always under control, and your accountant loves you.

The Holdings Advantage: Banking That Pays You Back

Traditional banks penalize you with fees for moving your own money. Holdings flips the script:

• No fees, no minimums, just rewards.

• Earn up to 3.0% APY-let your business savings grow while you sleep.

• Integrated accounting and bookkeeping-spend less time on spreadsheets, more time growing your business.

• Dedicated support-real people who understand your business, ready to help.

Ready to Experience Fee-Free Transfers?

Your business hustle deserves a financial partner that works as hard as you do. With Holdings, you get more than a bank account-you get a smarter way to move money, manage cash flow, and grow your business. No more fees. No more headaches. Just simple, secure, and rewarding banking.

Make the switch today. Experience the Holdings difference-and put your money to work for you.

Banking with Holdings means more than just moving money. It means moving your business forward-one fee-free transfer at a time.