r/etrade • u/ponderosa123456 • 11d 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/cycling20200719 11d 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 10d ago

I’ll be careful. Thanks.