Sending a Transfer

Sending a Transfer


First things first

Before you send a transfer, you need to have another bank account linked to Simple. If you've already done this, keep reading. If you haven't, head over here for all the details on the linking process.

Transferring funds

  1. Select Payments & Transfers, and then External Accounts from the menu.

  2. Click on the account you'd like to transfer with.

  3. Choose which way you'd like the transfer to go.

  4. Enter:

    1. The amount you'd like to transfer.

    2. The date you'd like your funds to be withdrawn (the transfer will be completed and the funds will be deposited into the other account a few business days later.)

    3. You may also be asked to select the desired frequency. We're currently rolling out recurring transfers, so if you don't see this option yet, that's normal. Expect to see it enabled for your account soon!

  5. Make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it), and hit Submit.

Transfers into Simple take 3-4 business days, and transfers out of Simple take 1-2 business days.

First things first

Before you send a transfer, you need to have another bank account linked to Simple. If you've already done this, keep reading. If you haven't, head over here for all the details on the linking process.

Transferring funds

  1. Select Payments & Transfers, and then External Accounts from the menu. Click on the external account you'd like to transfer with. Then choose To Simple or From Simple, and enter the amount that you would like to transfer.

  2. Make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it), and hit that Transfer button.

Transfers into Simple take 3-4 business days, and transfers out of Simple take 1-2 business days.

First things first

Before you send a transfer, you need to have another bank account linked to Simple. If you've already done this, keep reading. If you haven't, head over here for all the details on the linking process.

Transferring funds

Once you’ve linked an external account, you can schedule a transfer.

  1. From the menu, select Payments & Transfers, and then External Accounts.

  2. Click on the external account you'd like to transfer with, and then select whether you'd like to transfer funds to or from Simple. Enter the amount that you would like to transfer

  3. Check the timeline and make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it), and hit that Transfer button.

Transfers into Simple take 3-4 business days, and transfers out of Simple take 1-2 business days.

How long do transfers take?

Incoming Transfers Outgoing Transfers
3-4 business days 1-2 business days
  • When you schedule a transfer, we'll show you both date the funds will be withdrawn from one bank, and the date the funds will be credited to the other.
  • A transfer request that is submitted before 8:35 p.m. ET (5:35 p.m. PT) on a business day will start processing that day.
  • Incoming transfers arrive around 11:30 a.m.-12:30 p.m. ET (8:30-9:30 a.m. PT) on business days.

Transfer Limits

Age of Account Under 30 Days Over 30 Days
Daily Limit $5,000 $10,000
Monthly Limit $5,000 $30,000
  • "Daily" means a rolling 24 hour period, and "monthly" means a rolling 30 day period.
  • These limits only apply to transfers initiated through Simple—we don't place any limits on transfers that are initiated by other institutions.
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