How to deposit funds via bank transfers

One of the most secure ways to add funds to your PODERcard account is through bank transfers. In this post you’ll learn about what it is, how you can establish a transfer, and the limitations around it.

How to set up a bank transfer from an external bank 

You can transfer funds to your PODERcard Debit account by initiating a direct transfer from an external bank. This can be done from either your own account or from the bank accounts of friends and family (please note that fees* may apply when choosing this option). Follow the steps below to set up a bank transfer from an external bank.

In order to transfer funds this way, you’ll need your PODERcard routing and account number to set up the transfer. See below for step-by-step instructions. 

Step 1. Connect to the external bank, or have your friends or family members connect to theirs.

Step 2. Get the information that the bank will need - this is most likely your account and routing numbers, account holder name, as well as the issuing bank name. Make sure to confirm exactly what’s needed. 

To find your PODERcard account and routing numbers, log in to your account in the mobile app, visit the "Profile" section and click on "Accounts".

Step 3. Take note of your account and routing numbers, as well as the issuing bank name.

Step 4. Share the information with the bank or the people who will transfer the funds. Provide them with required information.

Frequently Asked Questions

Can I transfer funds outside of the United States?

You can only transfer money within the U.S.

How long does a bank transfer take?

Funds from a bank transfer will post in 3 business days. This excludes weekends and holidays. Transfer requests made after 8:00pm PST will have a transfer date of the next business day.

Can I link more than one bank account to my PODERcard account?

You will only be able to link to one bank account at a time to your PODERcard account.

Why was my bank transfer was declined?

There are a few reasons why your bank transfer could have been rejected:

• The bank account you are transferring from may not have enough funds in it to make the transfer.
• The bank account you are transferring from may be closed.
• The login credentials for the bank account you are transferring from have been updated.  In the event this happens, you will be asked to re-link your bank account with the updated login credentials.

If you need further assistance don’t hesitate to contact us.

*Fees and limits may apply. See Deposit Account Agreement for details.

Welcome Tech dba SABEResPODER is not a bank. Banking services provided by Thread Bank, Member FDIC. The PODERcard Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted. PODERcard account opening is subject to identity verification by Thread Bank.

Your deposits qualify for up to a maximum of $3,000,000** in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact [e-mail] with questions regarding the sweep program.

*See more here: https://go.thread.bank/sweepdisclosure.