Linking an External Bank Account and Transferring Funds Externally

Spend PNG

With your Snap! Spend account, you can have an external bank account linked to your account to transfer funds externally. Only the Program Admin on the account can link an external account and transfer funds externally.

 

Linking an External Bank Account

1. Navigate to the Program tab on the left-hand side of the screen.

2. You'll land on the Program Banking tab. Click Link External Bank Account

3. Follow the on-screen steps to enter your account information. 

 
 
Note: Two micro-deposits are then automatically initiated to the bank account that is being added. These micro-deposits are less than $1.00 and should appear on your bank statement within 1-2 business days and will show as sent from the program's name. You then must verify the two micro-deposit amounts by logging into your Snap! Spend account. If the micro-deposit amounts are correct, your external account will be linked!

 

Transferring Funds Externally

1. Navigate to the Program tab on the left-hand side of the screen.

2. You'll land on the Program Banking tab. Click Transfer

3. Toggle to external transfers by clicking External Transfer at the top. 

4. Select your destination (whether you want to transfer funds in or out) and enter the required information. 

5. Click Submit

 

 

*Please note that External transfers take 1-3 business days to fully settle.*

 

 

 

Still have questions or need help? Please reach out to us directly at spend.support@onsnap.com or by phone at 276-531-9260

 

Snap! Spend is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. The Snap! Spend Visa Debit is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa cards are accepted. 

Your deposits qualify for up to a maximum of $2,500,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. 

You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks.  Please contact customerservice@thread.bank with questions on the sweep program.