How much can I add to my Horizon Balance at one time?
You can add up to $100,000 to your Horizon Balance
at one time. If transferring over $10,000
(or $5,000 for some older legacy accounts), the system will automatically break these transfers up into multiple transfers of $10,000 or less. For example, if you want to transfer in $15,000 to your Horizon Balance
, when you submit a $15,000 transfer, the system will actually create 2 transfers. One for $10,000 and another for $5,000. You may see this reflected as separate line items in your bank statements. These transactions are limited to comply with US Federal Law. You'll need to ensure you have enough funds to cover any and all transactions. If one or more of your transfers fail, each separate transaction will be subject to our standard rejection fees
so if the example $15,000 transfer fails, you could be liable for multiple (2) rejection fees if you do not have enough funds to support each individual transaction amounts.
Individual Payment Limit
The maximum individual payment and transfer amount is limited to $10,000 USD per payment / transfer. This is the total amount you can send or transfer to any one (1) destination at a time. If you need to pay or transfer more than $10,000 to anyone 1 destination then you will need to break up your payment / transfer into multiple payments to stay under the limit. This limit cannot be adjusted and is in addition to the Total Pending Limit
. This is a per-transaction
limit. You can perform multiple transactions at a time, but each transaction must be $10,000 or less.