You’ve got several ways to make deposits:
Direct deposit of paychecks, benefits, or other payments
You can set up Direct Deposit to your Greenwood Account for paychecks, government benefits, and other payments, like Airbnb income or an insurance payment. With Direct Deposit, you can get your paycheck up to two days early.1
1Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding.
Transfers from an external bank account
There are two ways to make a transfer from an external bank account to your Greenwood Account:
Transfer through your other bank’s online banking tools.
Transfers through your other bank, called ACH transfers, can take 2–4 business days and require verification that you own the other account before you start. Verification involves either entering your login credentials or confirming you received two small test deposits of a few cents each to make sure the 2 banks are linked properly before transferring money.
Transfers from digital wallets like Cash App, Venmo, and PayPal
Setting up transfers from digital wallets is easy. Just follow the instructions in the wallet’s mobile app or website. Before transferring from digital wallets to Greenwood, consider this:
Do you need to move money right away? Some digital wallets can do instant transfers for a small fee, so check with them for details first. You’ll need to provide your Greenwood MasterCard® Debit Card number to make instant transfers.Can you wait a couple days to move money? Then you can do it for free with an ACH transfer from a digital wallet.
To set up an ACH transfer, connect your digital wallet to your Greenwood Account using your Greenwood account number and routing number. Find those numbers in the Greenwood app by tapping Dashboard > Green Arrow on Card > Show Account Details
This transfer typically takes 1–2 business days and may require a verification process to start.