How To Transfer Money From Dasher Direct To Bank Account Understanding the process of transferring money between DasherDirect and various bank accounts is crucial, especially if you want to make the most of your DoorDash earnings. In this guide, we’ll walk you through the steps to seamlessly transfer funds from your DasherDirect account to your bank account.
What Is DasherDirect?
DasherDirect is a prepaid bank card service offered by DoorDash, the online food delivery platform, to its dedicated delivery partners, affectionately known as ‘Dashers.’ This service is a collaborative effort involving DoorDash, Visa, and Payfare, enabling Dashers to access their earnings immediately, eliminating the need for cumbersome cashouts and bank transfers.
Signing up for DasherDirect is a straightforward process, accessible through the DoorDash app. The required information includes your name, address, social security number, and a copy of your driver’s license. Upon approval, you can access your DasherDirect account via the DasherDirect application, available for download on the Apple App Store and Google Play. It’s important to note that DasherDirect operates through Payfare, a digital banking app. Users have praised the app for its user-friendly interface, and the application process typically takes around three business days to complete.
DasherDirect provides you with options to access your funds via both a physical card and a virtual card. The DasherDirect Virtual Card allows you to utilize your funds even before the physical card arrives. Once your physical card arrives, you can activate it conveniently through the DasherDirect app.
But why opt for a DasherDirect account instead of using your regular bank account to receive earnings?
Read More : Why Would A Company Invest Heavily In Hrm
Benefits of Having a DasherDirect Account
Utilizing a DasherDirect prepaid bank card offers several advantages that make it an appealing choice compared to traditional bank transfers:
- Instant Access to Earnings: With DasherDirect, you can access your earnings immediately, without any additional fees. Without DasherDirect, you’d typically have to wait for a few days for your earnings to transfer to your bank account, enabling you to spend your hard-earned money right after your shift.
- Gas Savings: Dashers receive a 2% discount on gas purchases made with their DasherDirect card. This is particularly beneficial for delivery partners who rely on motor vehicles for their shifts. Over time, having a DasherDirect account can lead to substantial savings.
- Banking App Functionality: The DasherDirect app functions like any standard banking app. It provides a record of your purchases and allows you to transfer money to friends and family. Additionally, it shows the locations of fee-free ATMs for cash withdrawals. Unlike a traditional bank account, there’s no requirement for a minimum balance.
While DasherDirect offers numerous benefits, it’s essential to keep in mind a few associated fees, such as a 3% foreign transaction fee and a $2.50 charge after 12 months of inactivity.
If you’ve accumulated a substantial amount of money in your DasherDirect account and wish to transfer your earnings to your personal bank account, here’s how you can do it:
Transferring Money to Your Bank Account
Moving funds from your DasherDirect to your bank account is a straightforward process:
- From the DasherDirect main menu, select “More.”
- On the following screen, click “Move Money.”
- On the next page, choose “Send money to someone.” Here, you can input your own bank account details or those of anyone else you wish to transfer the money to.
Read More : What Bank Is Paypal On Plaid
And that’s it! Your money should arrive in your bank account within 1 to 2 days. Similar to a standard bank account, you can transfer money to anyone, not limited to just your personal bank account.
DasherDirect offers an array of benefits to its users, and transferring money from it to other bank accounts has never been more convenient.
