Are there monthly, daily, or per transaction limits?

Yes. Payments to a business, bank, or credit union have a per-transaction limit of $9,999.99 and no daily or monthly limit. Payments to individuals have a per-transaction limit of $1,500, a daily limit of $3,000, and no monthly limit. Please note that these limits cannot be adjusted on a per-user basis. Depending on where payments are being sent, they will either be deposited electronically or via mailed check.