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Moving money from EDD Money Network card to bank account - transfer time?

So I just got my first unemployment payment loaded onto my EDD Money Network card yesterday (after 6 weeks of waiting!). I really need to pay my rent ASAP and I'd rather transfer the funds to my regular checking account instead of using the card directly. Has anyone done this? How exactly do I set up the transfer and how many days does it take for the money to actually show up in my bank account? My landlord's getting impatient and I need to know if I should just withdraw cash instead. Thanks!

Paolo Longo

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Yes you can transfer money from your EDD card to your bank account! I do it for every payment. Just go to the Money Network website (moneynetwork.com) or download their app, create an account if you haven't already, and set up your bank info. You need your routing number and account number. The first transfer can take 3-5 business days because they're verifying your account. After that, transfers typically take 1-2 business days in my experience. Much better than paying those ATM fees!

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Thank you! Do I need to verify micro-deposits like with Venmo or is it faster than that? Also, is there a limit to how much I can transfer at once?

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CosmicCowboy

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Its totally depends on ur bank!!! My BofA takes 2 days EXACTLY but my friends credit union took like 4 days and he was freaking out thinkin the $ got lost lol. just do it early don't wait till last day to pay rent

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Amina Diallo

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This is actually incorrect information. The transfer time depends on Money Network's processing AND your bank - not just your bank. I've had transfers take different amounts of time to the same bank account. Sometimes 1 day, sometimes 3.

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Oliver Schulz

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I work at a financial services company, so let me clarify how these transfers work: 1. Log into your Money Network account (create one if you haven't) 2. Go to "Transfer Funds" or similar option 3. Enter your bank's routing number and your account number 4. Specify the amount to transfer Important timing details: - First-time transfers require bank verification which can take 1-3 additional business days - Standard transfers typically process in 1-3 business days - Transfers initiated after 4pm PT or on weekends/holidays start processing the next business day - There's typically a daily transfer limit of $5,000 and monthly limit of $10,000 If your landlord needs payment immediately, you might want to use the card directly or withdraw cash from an in-network ATM (check the app for fee-free ATMs).

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This is super helpful, thank you! I'll probably do a combination - withdraw some cash for my landlord now and set up the bank transfer for future payments. Do you know if there's a fee for the transfer to my bank?

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when I had my EDD card I just took all the money out at once from an ATM so I didn't have to deal with transfers and waiting. find a bank ATM on the list of fee-free ones and you can usually take out $1000 per day. easier than messing with transfers IMO

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Javier Cruz

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I gave up trying to transfer from my EDD card because it was so frustrating. I spent HOURS trying to get through to someone at Money Network because my transfers kept failing. Their customer service is as bad as EDD's - always busy signals or disconnections. After wasting days trying to reach someone, I found Claimyr (claimyr.com) which got me through to an actual person at EDD who helped fix my card issues. They have this system that gets you past the busy signals - check out their demo video: https://youtu.be/JmuwXR7HA10?si=TSwYbu_GOwYzt9km Money Network finally fixed whatever was blocking my transfers, and now they go through in about 2 business days consistently. The service was worth it to stop the headache.

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I've had trouble getting through to Money Network too! It's crazy how hard it is to talk to anyone about your own money. I might check this out if I run into issues. Thanks for the tip!

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Emma Wilson

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Another option is setting up direct deposit for future payments so they go straight to your bank account without the card middleman. You can change this in your UI Online account under "Payment Preferences." Won't help for money already on your card, but makes things easier going forward. For your current funds, bank transfers from Money Network typically take 2-3 business days in my experience, but I've seen some take up to 5 days depending on when you initiate the transfer and your bank's processing times.

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CosmicCowboy

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direct deposit is WAY better!!!! i switched after my first payment and never looked back. that stupid card is just another thing to lose honestly

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Amina Diallo

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Just a heads up - I tried to transfer my entire EDD balance ($5,400) at once and got an error message saying I exceeded the daily limit. Had to do two separate transfers. Also make sure the name on your bank account EXACTLY matches your EDD claim name or they might reject the transfer. I had to deal with that headache because my bank account has my middle initial and my EDD claim didn't.

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Oh that's a good point about the name matching! My bank has my maiden name and I filed EDD with my married name. Maybe I should just use the ATM method until I can update everything. Thanks for the warning!

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