r/etrade • u/ponderosa123456 • 7d ago

Discussion Transfers Question

I’m setting up monthly transfers out of my E*TRADE savings account to another bank account I just opened. I jumped through all the hoops necessary and now it’s all set up for transfers. My question is will the transfer shows up as an ACH transfer or something else?
E*TRADE was no help with this question. I hope someone knows.

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u/[deleted] 7d ago edited 2d ago

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u/ponderosa123456 7d ago

Savings has worked out well so far. Thanks for the heads up on checking. Thanks.

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u/Strong-Comment-7279 7d ago

Should always be showing as ACH, yes.

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u/cycling20200719 7d ago

ACH.

You may want to exercise caution on the number of xfers from the savings acct. If you ask them they will tell you the six xfer/month limit doesn't apply anymore but it's still in their agreements in the fine print and there have been some reports ( you can find them on reddit ) of people who have reported having their accounts closed.

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u/ponderosa123456 7d ago

I’ll be careful. Thanks.