What do the transaction details mean on an Express ACH transfer?

Express ACH is what Novo calls same-day ACH transfers. It uses standard ACH processing to move money faster.

Here’s how details appear in your account activity:

Transaction details Transaction description: Payee name Fee description: Fee for to

Transaction types Withdrawal: The outgoing transfer Same Day ACH service charge: The fee for the transfer

The Express ACH fee is 1.5% of the transfer amount, with a $0.50 minimum and $20 maximum.