Funding Limits & Hold Management
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Funding Limits & Hold Management
- 1 Minute to read
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Narmi AO ACH Service
If your institution utilizes Narmi AO ACH Service for ACH funding, ACH limits will be managed directly with Narmi; Authorize.net will have no involvement. Please reach out to your Narmi General Manager for more information.
Managing Funding Limits
There are two steps to managing / changing funding limits:
- Limit set in Institution Settings in the Narmi Admin Platform (Front-end)
- Managed by your financial institution (FI)
- Limits visible to the applicant during account opening workflow
- Max Funding Amount via ACH setting in Admin Platform
- Indicates max amount an applicant can deposit via ACH
- Limit set in Authorize.Net (Back-end)
- Managed by your FI or Narmi via email request to Authorize.Net
- Combination of daily and monthly funding limit amounts
- Limits can be viewed in the Authorize.Net portal, but changes must be requested through an Authorize.Net representative
- Additional instruction and contact information will be provided by your Narmi Implementation Project Manager or General Manager
Update limits in BOTH places: Ensure that limits are updated in the Narmi Admin Platform AND Authorize.Net; otherwise, whichever limit is lower will be in effect.
For additional information, visit the Funding Limits section.
Managing Holds
There is one step to managing / changing funding holds:
- Holds set in Institution Settings in the Narmi Admin Platform
- Managed by your financial institution (FI)
- Hold Length for Funding via ACH setting in Admin Platform
- Indicates the number of days that a hold is applied when an applicant uses a bank account for initial funding
- Setting carries a default value of 5 days
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