Transaction Limits

Transaction Type

Description

Per Transaction Limit

Daily Limit

Internal Transfer

Transfer funds between your Checking, Savings, or Home Equity Line of Credit accounts at Florence Bank.

$25,000

$100,000

Other Florence Bank Account Transfer

Transfer funds from your checking and savings accounts at Florence Bank to other customer accounts at Florence Bank.

$10,000

N/A

External Account Transfer

Transfer funds between your Florence Bank checking or savings accounts and accounts you have at other banks.

$2,500

$2,500

This type of transfer also has a 30-day limit of $10,000.

Bill Pay

Make a payment from one of your Florence Bank checking accounts to pay bills such as electric, cable, or credit cards.

$25,000

N/A

Mobile Remote Deposit Capture (mRDC)

Deposit a check by using a mobile device to scan an image of the front and back of the check and transmit the image to the bank.

$5,000

$5,000

Please call us at 413.586.1300 to request an increase to your daily mobile deposit limit.

Person-to-Person (P2P) Transfers

Transfer from one of your Florence Bank accounts to any person with a bank account in the U.S.

$2,500

N/A

Transaction Type

Description

Per Transaction Limit

Daily Limit

Internal Transfer

Transfer funds between your Checking or Savings accounts at Florence Bank. Cash Management also allows transfers from a Commercial Line of Credit to your checking or savings account.

$25,000

$100,000

Cash Management Administrators have a per transaction limit of $1,000,000 and can assign an internal transfer limit up to this amount to any of its Authorized Users.

Other Florence Bank Account Transfer

Transfer funds from your checking and savings accounts at Florence Bank to other customer accounts at Florence Bank.

$10,000

N/A

Bill Pay

Make payment from one of your Florence Bank checking accounts to pay bills such as electric, cable, or credit cards.

$25,000

N/A

Cash Management Bill Pay (An Optional Service)

Make a payment from one of your Florence Bank checking accounts to pay bills such as electric, cable, or credit cards.

$500,000

N/A

Mobile Remote Deposit Capture (mRDC)

Deposit a check by using a mobile device to scan an image of the front and back of the check and transmit the image to the bank.

$5,000

$5,000

Please call us at 413.586.1300 to request an increase to your daily mobile deposit limit.