Yes, if you hold funds in an Affirm Money account, you can transfer them directly to a linked bank account. This capability specifically applies to withdrawals from your Affirm Money account balance, which operates much like a savings account.
Understanding Affirm Money Account Transfers
While Affirm is widely known for its "Buy Now, Pay Later" loan services, it also offers an Affirm Money account, a high-yield savings account product. The ability to transfer money to your bank account pertains to the funds accumulated or deposited within this specific Affirm Money account. It is distinct from transferring funds from an Affirm loan you might have received for a purchase, as loan funds are typically disbursed directly to the merchant or for a specific payment purpose.
How to Transfer Money from Your Affirm Money Account
Transferring funds from your Affirm Money account to your bank account is a straightforward process. You have the flexibility to choose an existing linked bank account or securely link a new one for the transfer.
Follow these steps to initiate a withdrawal:
- Locate the Withdrawal Option: Within your Affirm Money account interface, tap or click the designated "Withdraw" option.
- Enter the Amount: Specify the exact amount of money you wish to transfer from your Affirm Money account.
- Select Your Bank Account: Choose the bank account where you want the funds to be deposited. You'll be presented with a list of your previously linked accounts.
- Link a New Account (If Needed): If you haven't linked your desired bank account yet, or if you prefer to use a new one, you will have the option to securely link it during this step.
Important Considerations
- Affirm Money Account Specific: This transfer functionality is exclusively for funds held in your Affirm Money account. It does not apply to Affirm loans or credit lines used for purchases.
- Processing Times: Transfers typically have standard processing times, which can vary. Always check the Affirm platform for specific details on when you can expect the funds to arrive in your bank account.
For more detailed information and assistance with your Affirm Money account, you can visit the Affirm Help Center.
