Learn about the transfer limits for iink Wallet users, including standard and instant transfer limits.
At iink, we want your transfers to be both simple and secure. That’s why we set daily limits specifically for Instant Transfers. By default, the daily outgoing limit for Instant Transfers is $20,000. This limit applies when you transfer funds instantly from your iink Wallet to an external bank account.If you reach your daily Instant Transfer limit, any additional instant transfer attempts will be declined until the next day.
Important: There are no limits on Standard Transfers. You can use Standard Transfer for amounts above your Instant Transfer limit without restriction.
Need a higher limit?
If you require more than the standard daily limit, you can request an increase by reaching out to our support team. We’ll review your account based on factors like transaction history and verification status.
Where to check your limit
You can view it on the wallet page, but only under certain conditions. To see your limit, start a transfer by opening the transfer modal. If the amount of funds you have available is greater than your current transfer limit, the system will display your limit in the modal. If your available funds are below your limit, the limit will not be shown.
Instant Transfer Limits for Check Deposits
When depositing a check, you can choose how you’d like to receive your funds. Instant Transfer is only available as a payout method if the total receivable amount from the check is less than $20,000. If the amount is over this limit, Instant Transfer won’t be shown as an option.
Note: While you cannot choose Instant Transfer as a payout method if you are receiving over $20,000 from a check, you may choose to deposit the funds into your Wallet and then withdraw via Instant Transfer on your Wallet page—up to your daily limit—as soon as the check clears in our system.
Why the limits matter
•Fraud Prevention: Protects against unauthorized activity.
•Account Security: Encourages responsible transaction activity.
•Smooth Experience: Avoids having payments unexpectedly declined.
If you have any questions or need more details on your iink Wallet limits, please contact our success team at success@iink.com. We’re here to help keep your financial transactions moving safely and conveniently.
Frequently Asked Questions
1. Are there any days I can and can't transfer funds?
Instant transfers are available around the clock, every day of the year, including weekends and holidays. In contrast, standard transfers can only be made on business days, similar to the operations of traditional financial institutions.
2. How fast do transfers arrive?
Instant transfers are typically processed within minutes, though actual arrival times may vary based on the receiving bank. Standard transfer times are 1-3 business days.
3. Are there any fees associated with transfers?
Standard transfers are free. A fee of 2% applies for all instant transfers.
4. What should I do if my transaction is declined?
First, check your transfer limits and verification status during the transfer attempt. If everything is in order, contact support@iink.com for further assistance.