How to Send Wires, ACH, and Internal Transfers with Holdings: A Fee-Free Guide

Holdings makes transferring money simple, fast, and cost-effective. Whether you need to send funds via wire transfer, ACH, or internal transfer between Holdings accounts, the process is streamlined and fee-free. Below, we’ll explain how each transfer method works, the steps to initiate them, and their respective timelines.

Types of Transfers Available in Holdings

1. Bank Transfers (ACH)

ACH transfers are electronic payments processed through the Automated Clearing House network. They are ideal for domestic transactions, recurring payments like payroll, or business-to-business payments.

• Timeline: ACH transfers typically take 1–3 business days to process.

• Cost: Holdings charges no fees for ACH transfers.

2. Wire Transfers

Wire transfers are faster than ACH and are often used for urgent or large payments. They can be sent domestically.

• Timeline: Domestic wires are completed within one business day

• Cost: Holdings does not charge fees for wire transfers.

3. Internal Transfers

Internal transfers allow you to move funds instantly between your Holdings accounts within the same entity or company.

• Timeline: Instantaneous processing.

• Cost: Free of charge.

How to Send a Transfer in Holdings

Step 1: Navigate to the Activity Page

After logging into your Holdings account, you’ll land on the activity page where you can track all transactions. Click on the Money Out button to begin initiating a transfer.

Step 2: Choose Your Transfer Type

You will see three options:

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

• Wire Transfer for faster domestic payments.

• Internal Transfer for moving funds between your Holdings accounts.

Step 3: Enter Recipient Details

Provide the following information based on the type of transfer:

• Full Name of the recipient or entity receiving funds.

• Routing Number and Account Number (for ACH or wire transfers).

• Destination Address (for wire transfers).

For internal transfers, simply select the account you want to send funds to.

Step 4: Confirm and Submit

Review all entered details carefully before submitting your transfer request. Once submitted:

• ACH transfers will process within 1–3 business days.

• Wire transfers will follow standard wire timelines (same-day for domestic).

• Internal transfers will complete instantly.

Why Holdings Transfers Are Beneficial

1. Fee-Free Transactions

Unlike traditional banks that charge fees ranging from $20–$65 for wire transfers or small fees for ACH transactions, Holdings eliminates all transfer fees—saving businesses significant costs over time.

2. Streamlined Process

The intuitive dashboard simplifies initiating transfers, allowing users to complete transactions quickly without navigating complex systems.

3. Real-Time Internal Transfers

Instant internal transfers between Holdings accounts make it easy to manage cash flow across different accounts within your business.

4. Secure Transactions

Holdings ensures all transfers are encrypted and processed securely, protecting sensitive financial information during transactions.

Real-World Example

A small e-commerce business using Holdings could benefit from fee-free transfers in several scenarios:

• Use ACH transfers to pay suppliers within the U.S., ensuring timely delivery of inventory without incurring additional costs.

• Instantly move funds between operating and payroll accounts using internal transfers to cover employee salaries.

This setup enables efficient financial operations while reducing unnecessary expenses.

Final Thoughts

Holdings provides businesses with a cost-effective solution for managing money transfers through ACH, wires, and internal transactions—all without fees. Whether you're paying vendors, sending payroll, or allocating funds across accounts, Holdings ensures speed, security, and simplicity at every step. Start using fee-free transfers today to optimize your cash flow!