This article was updated on: October 20, 2021
Published on: September 8, 2020
By: Webster Bank
Standard outbound limits: Clients are eligible for standard outbound transfers up to $25,000 that are completed within 3 business days (provided that funds are available). These transfers must be submitted by 10PM ET/1AM PT for current day processing. Transfers submitted after this time are processed on the following business day. For standard outbound transfers, the client must wait until an outstanding transfer(s) that exceeds $25,000 has settled before another transfer can be made and the monthly limit on outbound transactions is $100,000. You may be eligible to transfer additional amounts in excess of these limits by calling our contact center at 877.369.BRIO.
Note: There may be additional limits for security reasons on the frequency and dollar amount of transfers you can make. For transfers to an account held at another financial institution, the name on the recipient’s account must match the name on your savings account. In the event that we determine that there are risks associated with a transfer we may delay or cancel the transfer and notify you, or direct you to contact us to provide additional information. Transfer limitations may be modified by Webster Bank at any time without notice.
All deposit products are provided by Webster Bank, N.A. ("Webster Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a single FDIC-insured bank.
Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Webster Bank accounts. Deposits in these accounts are made with Webster Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Webster Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank.