Business Getting paid

How to Transfer Money from Dasher Direct to a Bank Account

Panna Kemenes

04.11.24

Read time 2 minutes

DasherDirect offers a way for DoorDash workers to get paid for deliveries. The account provides a business prepaid Visa card and mobile banking app with free daily direct deposits, convenient banking functionality and cashback rewards. Drivers can transfer DoorDash funds to a bank account of their choice using the DasherDirect app.

If you drive for DoorDash and want to know how to transfer money from DasherDirect to your bank account, this article guides you through the steps you need to follow.

How to Transfer Money from DasherDirect to a Bank Account

You can transfer funds from DasherDirect to any US bank account free of charge by following the steps below.¹

Login Into DasherDirect

Open and sign into the DasherDirect app with your login credentials.

Navigate to the Money Transfer Screen

Tap “More” on the bottom right of the app’s home screen, tap “Move Money”, and then tap “Send Money”.

Add Your Bank Account Details

When you tap "To yourself", you can select a linked account or add a new bank account. To link a new account:

Tap the "Bank account" icon.
Enter your account details
Tap "Link Bank Account" at the bottom of the screen.

The account details will be saved, and you’ll be redirected back to “Send Money” screen.

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Select Your Bank Account

From the “Send Money” page, select "To yourself" and choose your bank account.

Enter the Amount

Type in the dollar amount you want to transfer. DasherDirect limits transfers to $2,000 across up to three transactions in a 24-hour period and $5,000 across no more than 30 transfers in a 30-day period.

Send the Transfer

Check the account details and amount are correct and then tap "Confirm Transfer".

DasherDirect Transfer Fees

The earnings from your DoorDash deliveries are deposited into your DasherDirect account instantly at the end of every dash with no fee. You can then transfer money for free to your bank account.²

Note that there is a daily payout limit from DoorDash to your DasherDirect of $1,000 for security reasons. If your daily payout exceeds $1,000, the remaining amount will be added to your next payout.

How Long Does It Take for DasherDirect to Transfer Money?

DasherDirect transfers funds the next business day if the transaction is initiated before midnight Eastern Time. How long does it take to transfer money from DasherDirect to a bank account? You should receive the funds in your bank account within 1-2 business days.³

Once you submit a transfer, you’ll receive a confirmation number in the DasherDirect app and a push notification on your device when it has been accepted.

If you send a transfer on weekends or public holidays, you’ll see a pop-up message reminding you that it’ll be processed the next business day.

If you need to know how to transfer money from DasherDirect to your bank account instantly, you can withdraw cash from an ATM using your DasherDirect Visa card and deposit the cash into your bank account.

Manage International Payments with Wise Business and Payfare

Wise is a platform partner with Payfare. Some of the world's largest on-demand economy platforms including Uber, Lyft, DoorDash and DiDi trust Payfare to pay their workers. Thanks to the integration with Wise Platform, over one million Payfare cardholders now have access to a fast, affordable and convenient way to send money abroad, all within the Payfare ecosystem. The partnership enables Payfare to embed Wise’s international payments infrastructure, which supports payments in over 40 currencies to more than 160+ countries including:

🇺🇲 USD
🇪🇺 EUR
🇨🇦 CAD
🇦🇺 AUD

Find out more about Wise Business

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 160+ countries.

There are no monthly service fees, and you can hold multiple currencies from multiple sources all in one place. You can also connect to QuickBooks to track bill payments and make your accounting easier.

Read the guide on how to open a Wise Business account

Sources:

¹ Introduction to DasherDirect
² Introduction to DasherDirect
³ Introduction to DasherDirect

All sources checked October 2024.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.