Yes, there are maximum limits to how much you may deposit into your Kikoff Secured Credit Card account. Depending on the method of deposit, these limits may vary:
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Bank to Bank Transfers (ACH Transfers) - $20,000 per day, $5,000 per transfer, and $25,000 per month total. (see article: How do I link an account to make payments on my Kikoff Secured Credit Card?
- On new accounts - Internal Kikoff ACH limits: $200 ACH origination only (initiated from Kikoff app) - rolling 7 day period. This limit can be bypassed by initiating the ACH transfer through their external banking app.
- On an account that has received direct deposits - Internal Kikoff ACH limits: $500 ACH origination (initiated from Kikoff app) - rolling 7 day period. This limit is applied 7 days after receiving a direct deposit. This limit can be bypassed by initiating the ACH transfer through their external banking app.
- Direct Deposit - Monthly deposit limit of $25,000 (see article: How do I set up direct deposit for my Kikoff Secured Credit Card account?
- AllPoint+ ATM Cash Deposit - Cash Deposits at Allpoint+ ATM's have a cash deposit limit of $800 per 24 hour period and $8,000 per 30 day period. (see article: How do I deposit cash to my Kikoff Secured Credit Card's account?
Note: these limits operate on a "rolling basis" - for example if you received a $5,000 deposit on January 10th, $5,000 on January 12th, and another $5,000 deposit on January 15th, your limit would be reached until February 10th. Then, on February 10th, $5,000 becomes available to your limit, another $5,000 added back on Feb 12th, and the last $5,000 on Feb 15th.