Move money your way with Instant Deposit — at a better price than ever before.
August 28, 2020
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Ready, set, receive.
Instant Deposit offers business owners in the US with more control over their cash flow. Designed with small businesses in mind, Veem’s Instant Deposit cuts the standard bank-processing delay from three days to just a few minutes. This feature empowers businesses to access their money faster from the bank account linked to their debit card.
From now until December, we’re offering a special reduced rate of only 1% — up to a maximum fee of $20 — to receive all domestic payments the moment they’re sent. And with the holiday shopping season just around the corner, there is no better time to activate Instant Deposit.
Activating Instant Deposit is easy and only requires a few minutes to set-up. First, sign up for a free Veem account — or log in to your existing account — to get started. Next, select Set Up Instant Deposit from the Funding page located in the Settings tab on your dashboard and enter the necessary debit card information. Click save and that’s it. You’re ready to receive funds instantly! The best part? Instant Deposit can be turned on and off at your discretion. With funds at your fingertips, your company’s growth is up to you — not your cash flow.
What does this mean for payment senders?
Timely payments are essential to building strong relationships. With Instant Deposit, your business partners don’t need to wait days to get paid. Your suppliers and vendors can sign up for a free Veem account and activate Instant Deposit to start receiving real-time payments.