As part of your registration process, you have to link the debit card issued by your bank for the bank account that you have linked with us via Plaid (where you receive your income and pay most of your bills from).
Eg 1 - If you linked a Chase bank account ending with account number 7838 and linked a pre-paid VISA card not issued to the Chase bank account ending in 7838, your verification will fail and you will not be able to proceed.
Eg 2 - If you linked a Chase bank account ending with account number 7838 and linked the debit card issued to the Chase bank account ending with account number 7838 by Chase bank but this card is about to expire or has expired, your verification will fail and you will not be able to proceed.
Eg 3 - If you linked a Wilmington Credit Union bank account ending with account number 6839 and linked a card issued by Wilmington credit union for this account but Wilmington credit union doesn't support Plaid fully, your debit card verification might take up to 7 business days. In this scenario, you should download the bank statement from your Wilmington Credit Union bank website and email it to [email protected].
Please note that a screenshot of the bank account statement will not be considered.
How does card verification process work?
After you get qualified and add your debit card to subscribe to line, your card will be charged for the subscription depending on the plan you've chosen.
Once the subscription payment is done, it will reflect in your primary bank account statement and we'll be able to verify that. Depending on your bank it might take anywhere between 5 mins to 7 business days.
If you add additional cards from settings, your account will see debits of $0.55 and $0.65 respectively. We will look for these debits in your linked bank account and credit your account again.
Till your card is not verified, you will only be able to withdraw $20 in small pan and $40 in medium plan of your unlocked amount to your bank account (ACH transfer- It may take 3-5 working days). Once the verification is complete, the full unlocked amount will be available to you and withdraw the funds via debit card.
What happens if the card verification fails?
We will wait for 7 business days for your bank to update the statement so we can verify your card. If it is not updated within 7 business days, your card verification will fail and you will receive a push notification with the next steps. You will have to link a card that is issued to your respective bank account and we will verify it again.
You can also reach out to [email protected] and send us the downloaded bank statements showing the transactions for the debit card verification and we will help you out. Please note that a screenshot of the bank account statement will not be considered.