When transferring funds from your Found account to a linked external bank account, you are able to choose between Standard, Express, and Instant transfers. Each option offers different speeds and costs, allowing you to select the method that best suits your needs.
Transfer Type | Speed | Fee Structure | Key Details |
Standard | 1 to 2 Business Days | Free | Ideal when you're not in a rush and prefer to avoid any fees. |
Express | Same business day or next business day | 1% of transfer amount ($0.50 min / $25 max) | Faster delivery than Standard, using the ACH network. |
Instant | Within minutes, 24/7 | 1.75% of transfer amount ($0.50 min / $50 max) | Available when your receiving bank supports instant transfers; funds settle any time, any day. |
Standard transfers are processed within one to two business days and are completely free of charge. This option is ideal when you’re not in a rush to move your funds and prefer to avoid any transfer fees.
Express transfers are designed to deliver funds more quickly. Depending on when the transfer is initiated, funds may arrive the same business day or by the next business day. Express transfers carry a fee of 1% of the transfer amount, with a minimum charge of $0.50 and a maximum charge of $25.
Instant transfers deliver funds within minutes, at any time of day, every day of the year — including weekends and holidays. This option is available when the receiving bank supports instant transfers; if it doesn't, only Standard and Express appear. Instant transfers carry a fee of 1.75% of the transfer amount, with a minimum charge of $0.50 and a maximum charge of $50. Once sent, an Instant transfer is final and can't be reversed.
Transfers initiated before 11:15 AM Pacific Time are processed that day, which means that Standard transfers will typically settle within 1-2 business days, while Express transfers often arrive the same day.
Be sure to be mindful of weekends and bank holidays. If you initiate a transfer on a Friday afternoon, you can expect to see those funds settle the following week, regardless of the method chosen (except for Instant transfers, which process 24/7).
