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Velo Student Checking Fact Sheet

ATM Withdrawal Fees

East West Bank ATMs
There is no charge for using a proprietary East West Bank ATM or an ATM that participates in the MoneyPass or Allpoint Networks.

Other ATMs
Velo will not charge you for the first two ATM withdrawals per statement cycle, but will assess a $1.00 fee for each withdrawal thereafter. Additionally, 3rd party ATM usage fees may be charged to your account at the request of the provider operating the non-proprietary ATM.

Outgoing Wire Transfer Fees

Domestic
Sent to a recipient within the United States

$30.00
per item

Foreign – in U.S. Dollars
Sent to a recipient outside the United States

$40.00
per item

Incoming Wire Transfer Fees

Domestic or Foreign
Sent to a recipient within the United States

$10.00
per item

Transfer Limits and Cutoff Times
Daily limit
Rolling (30 day limit)
Transfer Limits and Cutoff Times

Velo

$10,000

$20,000

ACH Transfer

$10,000

$20,000

U.S. Domestic Wire Transfer

$1o0,000

$200,000

International Wire Transfer

$100,000

$200,000

Velo

$10,000 Daily limit
$20,000 Rolling (30 day limit)

ACH Transfer

$10,000 Daily limit
$20,000 Rolling (30 day limit)

U.S. Domestic Wire Transfer

$1o0,000 Daily limit
$200,000 Rolling (30 day limit)

International Wire Transfer

$100,000 Daily limit
$200,000 Rolling (30 day limit)

Transfer Times

U.S. Domestic Wire Transfer

1-2 businss days*

ACH Transfer

1-3 businss days*

International Wire Transfer

Delivery time varies*; estimated delivery date will be provided by email once your request has been reviewed

*Transfers requested after Velo’s cut-off time or on a non-business day (weekend or U.S. federal holiday) may not be processed by Velo until the next business day. It may also take longer depending on processing and verification requirements, and the delivery country. For ACH transfers the business day cut-off time is 5:00 PM PT, and for wire transfers (both U.S. domestic and international) it is 1:00 PM PT.