Global Instant Deposit Feature Update - Realtime payments

Instant Deposit is an option for expediting the payment delivery time from 2-3 business days to an hour after being verified. As our mission is to ensure and delight you with an amazing experience this feature is now available for clients located in most of the countries currently serviced by Veem.

What Changed?

This feature is now available for accounts located in the countries currently serviced by Veem excluding Australia, Bahamas, Barbados, Brazil, Canada, Hong Kong, Japan, Korea (South), Netherlands, Taiwan, Trinidad & Tobago.

When will this feature be live?

The change is live as of Tuesday, October 25th, 2022.

How much is the current fee for Instant deposits to debit card Payments?

The fees for processing these payments will be 1% of the total amount being transferred.

How does this feature work?

This option can be used when the receiving account set is an active debit card, and thereafter any payment sent will be processed in a few hours, after being verified.

Are these payments processed in real-time?

Payments processed to debit cards and Veem wallets are real-time payments.

How do I set up Instant Deposit?

Click here to learn how you can set up an instant deposit on your Veem account.

Is there a maximum on the total amount being transferred?

​​The maximum amount that can be expedited is $50,000 USD per transaction. 

How can I disable this feature?

To disable this feature, simply change the default receiving account from the debit card to your bank account.

To change the account you automatically receive payments to, please navigate to:

- Settings > Get paid > Defaults > Default Receiving Account > **update this to your preferred receiving method.

What cards are currently supported?

We support international Visa and Mastercard debit cards. Please check the table here for a list of the supported cards per country:

Need more help? You can chat or call our Customer Success team here.