To start earning interest, you will need to transfer funds from your USD Account to your Cash Earn Account. Only the balance in your Cash Earn Account is eligible to receive interest.
How to make a transfer?
Transfers between your USD account and Cash Earn Account can be initiated from either the USD Account screen or the Cash Earn Account screen.
1. To make a transfer, tap on the “Transfer” button on the USD Account screen or the Cash Earn Account Screen. |
2. You can change the direction of the transfer by tapping the arrow at the center. | 2. Input the amount you want to transfer, tap on “Confirm” to proceed with the transfer. |
3. Review the transfer details and tap on “Confirm”. | 4. You will be directed to the “Transfer Success” page. |
Transfer processing time
Transfers between your USD Account and Cash Earn Account will be processed instantly upon executing the request.
Where are the funds transferred to the Cash Earn Account held?
Funds transferred to the Cash Earn Account are held with Green Dot Bank, Member FDIC.
Is there a limit on when I can make withdrawals from my Cash Earn Account?
There is no lock-up period on funds that are held in your Cash Earn Account. You can transfer from your Cash Earn Account to your USD Account, and then withdraw funds from your USD account subject to terms and conditions of the USD account. To know more about withdrawals from the USD Account, please visit the FAQs here.