How to transfer money from dasherdirect to bank account?.Understanding steps used to transfer money between DasherDirect and different bank accounts is very important.
Therefore, you should have a DasherDirect account which is an amazing thing since it is a great way to earn from DoorDash.In this article, we will explain to you to how to transfer money from dasher direct to bank account.
But first before we dive into answering this question, it is also important to know what dasherdirect is all about.
What is DasherDirect?
A dasherdirect is a prepaid bank card offered by the online food ordering company call DoorDash to its delivery partners referred to as Dashers.
This service is the collaboration between DoorDash, Visa and Payfare which allow Dashers to access earnings without much effort of transferring money to their bank accounts.
DasherDirect provide direct signing process where users need their names, email address, social security number and a copy of their driver’s license.
Once they are approved, they will be able to access their dasherdirect account via the DasherDirect application which can be downloaded via the Apple App store and Google play.
It is also important to know that DasherDirect is powered by Payfare (A digital banking application)
After you have been approved, you will have option to use your money in your DasherDirect account via both Physical card and a virtual card.
The Dasher Direct Virtual Card allows users to access their funds even without their physical cards. You can activate your physical card using DasherDirect app.
Benefits of DashDirect account.
Well, someone may ask you why should you have DashDirect account instead of just having a normal bank account. This question should remind you the benefits of having DashDirect account. DashDirect account owners have number of perks which makes it more attractive and an alternative method of transferring your money to a bank account.
The following benefits have been realised from having DashDirect account.
- There is no added costs while you access your earnings instantly. If you do not have a DasherDirect account, you will have to wait for few days before your money is transferred to your bank account. This feature allows you to spend your earnings straight after your shift.
- DashDirect will help save some money because its daily cap is $1000.In this case, if you earn more than this amount, you will still access your earnings the following day.
- DashDirect account owners get 2% discount on gas. This is very impressive news for delivery partners who more often use motor vehicles to do their shifts. At long run, having a DisherDirect account pays you off and help Dashers save more.
- DasherDirect application works the same as other banking application. You will be able to view the purchases made and transfer money to friends and family. Furthermore, you can see locations of free ATMS that do not charge withdrawal fees.
- There is no minimum balance held in your card. However, just like other cards, you will bear with a couple of fees. For example, you will be charged 3% foreign transaction fee and $2.50 after 12 months of inactivity.
Now that you have accumulated more earnings in your DashDirect account, it is time to know how to transfer money from dasherdirect to bank account.
Transferring money to your bank account.
You can easily transfer money from your Dasherdirect account to your personal bank account. Just follow these steps;
Access your DasherDirect main menu and click “More”.
Then go to “Move money”.
On the next page, you will select “Send money to someone”. In this page, you will enter your bank account details or someone you need to transfer money to.
Just like that.
Your money will arrive to your bank account in 1 to 2 days. This method does not only transfer money to your bank account but also to someone you would wish money to go to.
To sum up, DasherDirect is a prepaid card account from DoorDash. This is an American company that operates an online food business. Its operation runs from San Francisco,USA,California.Once you become a Dasher, you can easily receive payments via Dasherdirect card.The card can be reloaded at various stores just like any other prepaid debit cards.