How long do bank transfers take?

The speed of a bank transfer will depend a lot on how the transfer was set up.

🏦 ACH Transfers

Most of the time, if you set up a transfer inside the Monzo app or with your account and routing number - the transfer will be sent as an ACH transfer.

ACH transfers are the most common type of bank transfer in the US. But, because of the way ACH is designed, they can take up to 2-4 business days to go through (though it's often quicker than that).

During that period - you may see that money leaves one account a day or two before it reaches its destination.

Please note: On weekends and federal holidays, ACH transfers can take longer - since they only move during standard business hours.

🏃‍♂️ Instant Deposits

There are two you can add money to Monzo instantly.

First - inside the Monzo app, you can tap Add money on the home screen, then add a debit card as the funding source. If you prefer, you can also use Apple Pay or Google Wallet.

Please note: While you can instantly add money this way, you can't instantly withdraw money with your linked card.

Alternatively - if you use another app that offers instant transfers like Cash App, Venmo, or Apple Cash, you can add your Monzo card to that app and receive instant deposits.

If you have questions on how to set up these services - we recommend reaching out to the other service directly.