Funds can be sent to a PennyWorks account either via ACH or Wire transfer. Regardless of method, begin by selecting the Fund button on the top navbar (if using tablet or mobile, located in the menu dropdown).

Please reference Funding & Redemption Limits & each transfer method's arrival time to determine the best funding method for you.

ACH Transfer (ACH Push)

Within Your PennyWorks Account

1. Select the ACH transfer method
2. Select the bank account that you are funding your PennyWorks account from
3. Enter the amount
4. (Only for first time funding) Sign the subscription agreement
5. Confirm transfer
6. Receive unique ACH transfer details

Within Your Bank Account

1. Find the transfer money option
1. Important: You are not linking your bank account to your PennyWorks account
2. Use the transfer details to schedule an outgoing ACH transfer from your bank account to PennyWorks

Note: Many banks do not offer outgoing ACH transfers to an external third-party such as PennyWorks. Do not choose a "link your external account" option - you are simply sending money, not linking two bank accounts.

If no ACH options are available to you, please use the wire transfer method instead.

Example - Bank of America

1. Find Transfer | Zelle
2. Select To/from other banks (includes wires)

Wire Transfer

Within Your PennyWorks Account

1. Select the wire transfer method
2. Select the bank account that you are funding your PennyWorks account from
3. Enter the amount
4. (Only for first time funding) Sign the subscription agreement
5. Confirm transfer
6. Receive unique wire transfer details

Within Your Bank Account

1. Find the transfer money option
2. Use the wire transfer details to schedule the wire from your bank account to PennyWorks
1. Important: Do not forget to include the message to recipient to ensure your PennyWorks account is credited

Note: PennyWorks does not apply a fee for incoming wire transfers. This does not include any potential charge applied by your bank (typically $15-25).

Example - Chase (Wire-Only)

1. Find Pay & Transfer
2. Select Wires & global transfers