When using ACH deposits to load your Picnic balance, you must observe the following limits and ownership permissions:
Deposits
Fee: None.
Withdrawals and Transfers (coming soon)
You can send your dollar balance to other bank accounts in the U.S. Unlike deposits, transfers have fixed fees passed on by our banking providers:
ACH Transfer: Fixed fee of $2.00 per transaction.
Wire Transfer: Fixed fee of $20.00 per transaction.
Transaction Limits:
Same Ownership or Family Members: Up to $10,000.00 per transaction.
Third-Party Accounts: Up to $5,000.00 per transaction.
Total Monthly Limit: You can receive up to $20,000.00 per month.
Who can send me dollars?
Picnic allows you to receive deposits from:
Accounts under your own name at other American banks or global platforms.
Third-party accounts (other individuals).
Business Accounts (Legal Entity): Yes, you can receive payments from businesses directly into your balance via ACH.
Zero Fee: Remember that Picnic does not charge fees for receiving deposits via ACH. You receive 100% of the amount sent in the original currency.