Last Updated: 2023-03-15
Latitud charges the following fees associated with your Meridian account:
| Item | Fee |
|---|---|
| Account Opening | $0 |
| Minimum Account Balance | $0 |
| Maintenance Fee | $0 |
| Sending & receiving ACH payments | $0 |
| Sending & receiving domestic wires | $0 |
| Sending international wires (SWIFT) | $30.00 |
| Receiving international wires (SWIFT) | $30.00 |
Latitud sets the following default limits on your account for fraud prevention purposes.
We monitor these limits on a per-account basis. If you need a higher limit for a specific transaction or you’re raising a new round, please reach out to us and we’ll sort you out!
| Item | Daily Limit | Monthly Limit | Annual Limit |
|---|---|---|---|
| Transfers between Meridian Business Accounts | Unlimited | Unlimited | Unlimited |
| Incoming ACH | $500,000 | $3,000,000 | $7,000,000 |
| Outgoing ACH (Debit) | $500,000 | $3,000,000 | $7,000,000 |
| ACH Push | $250,000 | $1,500,000 | $3,500,000 |
| FedWire (Domestic Wire) | $250,000 | $1,500,000 | $3,500,000 |
| Incoming FedWire | $1,000,000 | $6,000,000 | $14,000,000 |
| SWIFT (Outbound) | $125,000 | $750,000 | $1,750,000 |
| Item | Daily Limit | Monthly Limit | Annual Limit |
|---|---|---|---|
| Transfers between Meridian Business Accounts | Unlimited | Unlimited | Unlimited |
| Incoming ACH | $450,000 | $3,000,000 | $7,000,000 |
| Outgoing ACH (Debit) | $450,000 | $3,000,000 | $7,000,000 |
| ACH Push | $225,000 | $1,500,000 | $3,500,000 |
| Outgoing FedWire (Domestic Wire) | $250,000 | $1,500,000 | $3,500,000 |
| Incoming FedWire | $900,000 | $6,000,000 | $14,000,000 |
| SWIFT (Outbound) | $112,500 | $750,000 | $1,750,000 |