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Transfers to third-party wallets

  • Updated

Are there any fees for transferring to third-party digital wallets?

Yes, fees apply when transferring money from your B9 card to digital wallets like CashApp, PayPal, Venmo, Coinbase Wallet, Apple Cash, Zelle, Chime, MoneyLion, and others. These fees help cover quick transfers within minutes and processing costs associated with moving funds between platforms.

For more details on applicable fees, refer to our Customer Account and Cardholder Agreement.

What are the amount of fees for third-party wallet transfers?

  • Minimum Fee: $4 or 3.5% of the total transfer amount, whichever is higher.
  • Maximum Fee Cap: $40 for any transfer above $1,150. This cap ensures that for larger transfers, the fee is reduced.

For example:

  • A transfer of $100 would incur a fee of $4 (since $4 is greater than 3.5%).
  • A transfer of $1,200 would incur a fee of $40 (since the cap applies for amounts exceeding $1,150).

Tips to minimize the Fees

  1. Opt for ACH Transfers
    ACH transfers are zero-fee and typically arrive the next business day if initiated early. In some rare cases, it may take up to 3 business days.

  2. Transfer Larger Amounts
    For smaller transfers, at least $120 is recommended to minimize fees. For larger amounts, consider transferring over $1,150 to benefit from the maximum fee cap of $40.

  3. Pay Bills Directly from Your B9 Account
    Avoid transfer fees altogether by paying bills and expenses directly from your B9 account. Plus, earn up to 5% cash back on select categories using your B9 debit card!

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