HausMoney® offers two ways to transfer money out of your account to an external account: Standard Transfer and Instant Transfer.
Standard Transfer uses the ACH network, takes 3–5 business days, is free, and requires an external bank account linked to your HausMoney® account.
Instant Transfer is a same-day transfer that can take up to 30 minutes and requires an external debit card linked to your HausMoney® account. Details for each method, along with daily transfer limits, are below.
Standard Transfer (ACH)
Standard Transfer sends money to an external bank account via the ACH network. It is free and typically takes 3–5 business days to complete. You'll need to link an external bank account before you can use this method.
Once your external bank account is linked, follow these steps to transfer money:
Open the Hausmoney® app.
Tap on the quick action button Transfer at the top of the Home screen.
Select the Standard option.
Enter the amount you want to send.
Send To: Use the dropdown menu to select the external account you want to send the money to.
Tap on Authorize Transfer.
Tap on Confirm to verify the transfer.
Once you have completed these steps, the transfer will appear on your transaction history labeled as "Funds Transfers Out" under a "pending" status until it's fully processed and the "pending" status disappears.
Important Note: Processing times for an external transfer can take 3 - 5 business days due to ACH processing timelines. To monitor progress during this period, check your HausMoney transaction history and your external bank's pending or posted transactions daily.
Why does Standard ACH processing take so long?
ACH processing occurs only on business days, excluding weekends and public holidays. Transactions initiated on weekends or holidays will be processed on the next business day. For example, a transfer initiated late on a Friday may begin processing only on Monday, assuming no public holidays occur on that Monday. Delays may be particularly noticeable during periods with consecutive public holidays or weekends.
With this in mind, the best time to initiate your transfers is Monday-Friday mornings, excluding federal holidays.
Managing Transfer Expectations: If your transfer exceeds the typical timeline of 3–5 business days, consider external factors such as weekends or public holidays.
Instant Transfer (OCT)
Instant Transfer sends money to an external debit card the same day, typically completing in up to 30 minutes. You'll need to link an external debit card before you can use this method.
1. Open the Hausmoney® app.
2. Tap on the quick action button Transfer at the top of the Home screen.
3. Select the Instant option.
4. Input the amount you want to transfer. The app will display the amount that will be charged from the transferred amount to cover instant transfer fees. The instant transfer fee is $0.50 plus 1.75% of the total amount to transfer.
5. Under "Send To" select the card where you want to send the funds to.
6. Click on Authorize Deposit. Once the transfer is authorized, you'll receive a receipt both in the app and via email.
7. Once the instant transfer is in process, you will see it in your transaction history and the instant transfer fee in a separate row.
Daily Transfer Limits
Standard Transfers: Up to $10,000 per day.
Instant Transfers: Up to $2,500 per day, with a maximum of 3 transactions per day.