US customers can withdraw funds via ACH, choosing standard (free) or instant (fee-based) processing, depending on their bank’s capabilities.
How do withdrawals via ACH work?
Withdrawals via ACH provide flexibility, with free standard processing or instant withdrawals for a small fee.
| Standard Withdrawals | Instant Withdrawals | |
| Processing time | Up to 5 business days (Status displayed in the app: "processing") | Instant |
| Fee | Free | Variable fee (1.75%), with a minimum of $1 |
| Eligibility | Any linked US bank account | Requires a bank supporting FedNow or RTP (⚡ symbol in app) |
How do I choose ACH as a withdrawal method?
- On the home screen, tap "Withdraw".
- Select the account you’re withdrawing from and choose "ACH bank account".
- Tap "Continue", then select the destination bank account.
- Enter the withdrawal amount and choose
- Standard withdrawal (free, up to 5 business days).
- Instant withdrawal (fee applies, instant).
- Tap "Preview withdrawal" to review details.
- Then tap "Confirm withdrawal" to complete.
Why can’t I withdraw my funds?
Depending on how your deposit was done, you might have to wait to withdraw your funds. There are two main reasons for this:
- Settlement period - When you deposit funds from a bank account via ACH, they must fully process (i.e., settle) before they can be withdrawn. This can take up to 5 days.
- 65 day cooling off period - If your bank account was not linked via Plaid or lost its Plaid connection, a 65-day withdrawal restriction may apply. This restriction only affects withdrawals to other destinations. You can still withdraw to the originating bank account after the funds have settled.