Instant Cash Out
What is Instant Cash Out?
Instant cash out is a feature of the Veho driver app that allows drivers to instantly cash out their outstanding earnings balance. Instant cash out will be available for all drivers with an RTP eligible account.
How it works:
- As you complete routes, your earnings for each route will appear in the Earnings tab in the app
- With instant cash out, you can swipe the instant cash out button to deposit your earnings within minutes instead of waiting for twice a week scheduled deposits
- Any earnings balance not cashed out will be automatically processed on Monday and Wednesday morning, depositing into your account in 2-3 business days
Frequently Asked Questions
How can I cash out with instant cash out?
Swipe the instant cash out button in the driver mobile app once you have a balance available
How much does instant cash out cost?
The cost of instant cash out is different depending on your level. The higher the level, the lower the fees!
Pro: Free
Plus: $0.75 minimum
Core: 0.75% of balance, $1.25 minimum
Standard fee: 1% of balance, $1.75 minimum
Is my bank account eligible for instant cash out?
If your bank or credit union participates in the RTP® Network or the FedNow® Service, you will likely have access to instant cash out.
However, please be aware that specific account types may not support instant transfers even if the bank participates.
You can check if your financial institution is a participating member of these networks here:
Note: In some rare cases, even if a bank participates, specific account types (such as savings or prepaid accounts) may not support instant transfers. If you are unsure, we recommend contacting your bank directly to ask if your account can accept "Real-Time Payments" or "FedNow" transfers.
Why am I able to cash out instantly on other platforms or apps but not on Veho?
Other apps and platforms may partner with different payment providers that offer different payment speeds or utilize different transfer methods. Veho specifically uses the RTP and FedNow banking networks to process instant payments; if your bank is not part of these specific networks, we cannot process an instant transfer to that account.
I clicked instant cash out but my payment failed. Will I be charged?
If your payment failed due to an instant cash out error, we will work to correct the failure as soon as possible. If your payment is delayed due to a failure, you will not be charged.
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