Panama Bank Holders Using ACH Xpress Have Been Upgraded

Real-time electronic money transfers between 18 banks that operate ACH Xpress may be up to $5,000 per transaction.  The limit was raised from $1,000 (which was allowed until now) to $5,000, due to the increase in demand for these financial transactions, explained Alexander Acosta, executive vice president and general manager of Telered, the company that manages the ACH Xpress technology.  He explained that in the first half of this year, 734 thousand instant transactions were recorded, totaling $106 million, which represented 177% more than in the same period in 2023, when they totaled $38.45 million.  “The increase in the maximum amount per transaction is a response to the needs of users. They are looking for greater flexibility and speed in their financial transactions,” said Acosta.