How do I fund my account?

You can fund your Swell account through one of two ways of verification: via Plaid (i.e. direct bank link) or micro-deposits.

Currently, Swell supports bank transfers via Automated Clearing House (ACH) only. ACH is an electronic network for financial transactions in the United States that lets you move funds directly between a checking or savings account and your Swell account.

More about the two ways towards verification:

1) Bank account verification via Plaid(direct bank link): Swell has partnered with Plaid, a third party platform for quickly and safely verifying bank account information. After you input your username and password for your bank account, Swell will retrieve your bank account and routing numbers, as well as your current balance (“Account Information”) via Plaid.

Swell will not store your username or password for your bank account. Plaid will provide Swell an access token that exclusively allows Swell to retrieve your Account Information. All information transmitted between Plaid and Swell is encrypted over a 256-bit Secure Socket Layer (SSL) and secured with bank level protection. All information Swell receives from Plaid will be governed by Swell's Privacy Policy

By using Plaid through Swell, you agree to the above terms and further agree to hold Swell harmless from losses of any kind that may result from Plaid’s use, misuse, or loss of your personal information and Account Information.

To learn how Plaid uses and protects your information, please see Plaid’s Privacy Policy.

2) Bank account verification via micro-deposits: to add a checking or savings account, we need to make sure you own that account by having you confirm two random micro-deposits from our clearing firm, Folio Investments (these are small amounts between $0.01 and $0.50). After entering your bank account information, you will then be asked to log into your checking account at your bank to find the two small random amounts. You will then tell us the values of the random deposits. After confirming your account, Swell is able to transfer your money electronically and allows you to make additional deposits at any time. In most cases, bank transfers will be deposited into your Swell account within two to three business days. Please note that any small deposits sent to your bank account for verification purposes will be withdrawn from that bank account within 10 business days






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