Welcome to HoneyBook’s instant deposits feature! We know that, among the many challenges of running a business, cash being in your account when you need it is pretty high up there. And that’s where instant deposits come in, allowing you to transfer funds from completed payments to your debit card in mere minutes—not days. Show
In this article, we’ll cover:
How do instant deposits work?Instant deposits use debit rails in order to deposit funds into your account faster. Once a client makes a credit card payment, you’re able to transfer the funds directly to your debit card. They typically arrive within 24 hours (often, as few as 30 minutes), instead of the standard 2-3 business days. How much does this cost me to use?
This fee structure is comparable to instant deposit features of similar services, such as Square (1.5% fee) and Paypal (1.5% fee). Which banks support instant deposits?
Please note that you do need an active debit card with your bank in order to take advantage of instant deposits. Credit cards, ATM cards, PayPal, or prepaid bank cards are not supported.
How long does it take to receive my payment?
There may be instances where payments are flagged internally to protect our members and their clients from fraudulent charges, resulting in a delayed payout. Though this is seldom to occur,
please reach out to our Concierge team if you haven’t received your payment within 24 hours of requesting an instant deposit. Why do I need to enter my debit card information?
You can easily add your account details to your HoneyBook account under Company Settings > Bank Details—just make sure you're on desktop (not your mobile device!) when you're adding the information. Which payments are eligible for instant deposit?
Individual payments of $5,000 or over, payments made via ACH bank transfer, and payments made outside of HoneyBook are not eligible for instant deposit. If you have selected a payment to be deposited via instant deposit in advance and it is paid via bank transfer by the client, the deposit times will be standard for bank transfers (7-8 business days) and you will not be charged the 1% instant deposit fee. Why did a payment say it was eligible for instant deposit, but I’m unable to select it?Usually, that just means your money is already headed your way! Incoming payments start moving to your bank within approximately 24 hours of being received, at which point standard deposit times will apply (2-3 business days for credit card payments, 7-8 business days for ACH bank transfers). That being the case, you'll need to select the payment for instant deposit before the standard process begins—and we'll send you a notification as soon as an eligible payment comes in to make sure you catch it! But if you miss the window, don't worry—your money will still be there soon! What happens if my instant deposit fails?If your deposit fails to process instantly, it will do so within our standard payment processing times. In this case, unfortunately, you will not be able to re-process the deposit as an instant payout. Can I initiate instant deposits through my mobile app?You sure can! As soon as a payment comes in (you'll get that sweet "cha-ching" push notification!), you can head into your app's notification center, where you'll be able to see if the payment is instant deposit eligible. If it is, just tap the notification to start the process! Why don’t I see the instant deposits feature in my account?
A little newer to HoneyBook? You won’t see instant deposits in your account just yet, but hang tight—we’ll let you know as soon as you’re eligible for this feature! Want to learn more?
How do I get my debit card to accept instant deposit on Cash App?Having a debit card linked to your Cash App may let you convert pending Standard Deposits to Instant Deposits: Tap the Activity tab on your Cash App home screen. Choose the deposit to expedite. Select Deposit Instantly.
Why wont my bank do instant transfer?If your bank account or debit card is listed as a payment method but greyed out when you try to make an instant transfer, your bank does not currently participate in an instant transfer service. We recommend reaching out to the bank that issued your bank account or debit card to request that they enroll.
How long does Cash App Take for instant deposit?Cash App offers standard deposits to your bank account and Instant Deposits to your linked debit card. Standard deposits are free and arrive within 1-3 business days. Instant Deposits are subject to a 0.5% -1.75% fee (with a minimum fee of $0.25) and arrive instantly to your debit card.
Does Chase accept instant?Chase QuickDeposit℠
Use your mobile device to deposit checks on your schedule virtually anytime, anywhere. Here's how: Sign in to the Chase Mobile® app and tap "Pay & Transfer" Tap "Deposit checks" and choose the account where you want your deposit to go.
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