I’d love to see an option for instant transfers. Have it to where we can transfer money from another bank using that bank’s debit card and have Envel charge us a small fee to add money to our Envel account within seconds.
Great stuff @IggiePuff
I want this as well!
Who else want this? Help us with this poll
- I want this yesterday!!!
- This can wait for me…
@Diederik @Envel until it gets added we can use something like Cash App. There is a small fee per transfer and depending on how much you transfer. I tested out Douugh and their instant transfer for $1000 they charge $30, Cash App for $1000 is just $15.
With Cash App you can do instant transfer for the fee or wait a day or two and get it 100% free. So, this will do until Envel is able to add instant transfer at some point.
Thank you for the information. I actually find that crazy that they can charge up to $30! We definitely are aiming to minimize fees for our customers, that’s a big part of how we differentiate ourselves from competitors and larger banks. But as always we appreciate the feedback and this feature is definitely part of our long term roadmap!
@jacqueline that’s $30 just for a $1000 transfer, so the fee could be even a lot higher if you transfer a bigger amount. But, at least Cash Apps fee is 50% less tho.
Strange as my Envel card was working fine with Cash app until yesterday I tried moving money from my cashapp to Envel and I was told my card/bank does not support instant deposit.
But I think it will be a great feature to have.