Introducing debit card funding, the newest and fastest way to fund your Slash account! Debit card funding can be set up in just a few easy steps, but first let’s go over what you’ll need to instantly fund your account. Debit card funding allows you to link an external funding source to your Slash account via your debit card. Deposits made via debit card funding are available to spend instantly, and once your card is linked it will remain on your Slash account. This means that you can seamlessly add funds at any time without the need to re-enter your card information every time.
Debit card funding allows you to connect one debit card to your Slash account that can be used to instantly deposit up to $2000 for a .75% fee. The address of the connected debit card must match the address you have on file with Slash, under Account. Slash supports hundreds of banks for debit card funding. For the full list of supported banks, click here.
With this addition, Slash now offers a number of ways to fund your account, including debit card funding, connected bank transfers, Zelle or CashApp. Debit card funding involves using a linked debit card to transfer money directly to your account. The transaction is usually processed instantly, and the funds are available for use immediately. On the other hand, a bank transfer involves transferring money from your Plaid connected bank account to your Slash account. This type of transaction may take longer to process, usually within 3-5 business days. Zelle or CashApp are also instant, however they do require an external app to initiate the transfer, and usually have limits on the amount and frequency they can be initiated.
Check out debit card funding by visiting the Move Money tab on your dashboard today!