Comment by vitorgrs

Several backs had a good amount of TED limit. Although everything changed when Nubank launched, giving unlimited TEDs to everyone. Most banks followed at the time, so basically around 2015~ several big banks had unlimited TEDs.

The problem with TED it's just how hard it was to send money. You had to insert, if I recall right:

- Person full name - Social security number - Select the Bank Name - The type of account (savings or checking account) - Agency and account number

This basically means that TED was used as a serious payment thing, like money you receive from your company, etc.

A lot of companies still use TED.