Depending on the funding method used, funds can take anywhere from 1 to 5 business days to appear in your PennyWorks account.
To better understand timelines associated with different funding methods, please see the below chart:
ACH Push |
Wire Transfer |
|
Initiated By |
External Bank |
External Bank |
Balance Begins Earning |
When funds are received |
When funds are received |
Redemption Holds* |
1 to 3 business days |
None |
*Additional standard fraud prevention holds may apply