Intrabank Transfer Disclosure
Last Updated: May 1, 2026
What Are Intrabank Transfers?
Intrabank transfers, also known as book transfers, move funds between accounts held at the same bank. When you transfer funds between accounts within the SkyFi network, both accounts are held at Grasshopper Bank, N.A., enabling instant settlement.
Because these transfers occur within the same banking institution, they do not require external clearing networks like ACH or Fedwire. This enables immediate settlement with real-time confirmation.
What Makes Intrabank Transfers Unique
Instant Settlement
Funds are immediately debited from the sending account and credited to the receiving account with real-time confirmation.
No Transfer Fees
Transfers between accounts within the SkyFi network have no fees — between your own accounts or to other SkyFi holders.
24/7 Availability
Available 24 hours a day, 7 days a week, including weekends and holidays. No business day restrictions or cutoff times.
Real-Time Confirmation
Both sending and receiving parties see immediate balance updates and receive confirmation as soon as the transfer completes.
How Intrabank Transfers Work
Eligible Accounts
- Your own accounts within SkyFi
- Accounts belonging to different SkyFi account holders
- Business accounts held at Grasshopper Bank through the SkyFi platform
Transfer Processing Steps
- 1System verifies sufficient funds in the sending account
- 2Funds are immediately debited from the sending account
- 3Funds are immediately credited to the receiving account
- 4Both parties receive real-time confirmation
- 5Transaction appears in account history immediately
Reconciliation
Because intrabank transfers settle instantly, reconciliation is immediate. Account balances reflect the transfer as soon as it is completed, eliminating the need to track pending transfers.
Treasury Operations
Intrabank transfers are ideal for various business treasury operations:
Limits and Restrictions
No Transaction or Daily Limits
Intrabank (program-to-program) transfers within the SkyFi network are unlimited — there is no per-transaction cap, no daily limit, and no monthly cap. Because settlement occurs entirely within Grasshopper Bank, N.A., these transfers do not require identity verification and are not subject to the outbound ACH or wire limit thresholds.
Account Requirements
- Sending account must have sufficient available funds
- Both accounts must be active and in good standing
- You must have appropriate permissions for the sending account
- Receiving account must be able to accept incoming transfers
SkyFi reserves the right to apply compliance holds on individual transfers if unusual activity is detected, regardless of the absence of standing limits.
Intrabank vs. Other Transfer Methods
vs. ACH Transfers
Unlike ACH transfers, intrabank transfers:
- Settle instantly rather than next business day
- Have no fees
- Are available 24/7 without business day restrictions
- Cannot be returned after settlement
- Are limited to accounts within the SkyFi network
vs. Wire Transfers
Unlike wire transfers, intrabank transfers:
- Have no fees
- Are available on weekends and holidays
- Have no cutoff times
- Are limited to SkyFi network accounts
- Settle instantly like wires, but at no cost
Reversals and Disputes
Irrevocability
Intrabank transfers settle instantly and are considered final once completed. Unlike ACH transfers, there is no return window. Verify all transfer details before confirming.
Dispute Resolution
If you believe an intrabank transfer was unauthorized or erroneous, contact support immediately. We will investigate in accordance with applicable regulations and account agreements.
Reversal Process
Reversing a completed intrabank transfer requires cooperation from the receiving party. If you sent a transfer in error, contact the recipient to request a return transfer. SkyFi cannot unilaterally reverse completed transfers.
Security and Fraud Prevention
Intrabank transfers benefit from multiple security measures:
- Multi-factor authentication requirements
- Transaction monitoring and anomaly detection
- Account verification before processing
- Permissions-based access controls
- Real-time confirmation and notifications
If you suspect unauthorized access to your account or fraudulent transfer activity, contact support immediately.