One-Day Deposits on LVL are “Same Day” ACH transfers. ACH transfers are a common way of sending money, and the rules for these are defined by NACHA. All ACH Transfers, including Same Day transfers, are subject to an administrative review period of three business days. When you make a One-Day Deposit to LVL, LVL makes the funds available to you immediately, even within the administrative review period. During this time, the ACH Transfers can be returned by the bank which sent them. To prevent fraud and theft, we implement Exposure Limits to prevent funds from One-Day Deposits from being withdrawn during the administrative review period.
Exposure Limits are lifted 3 business days after One-Day Deposits are credited to your account.