There are several ways to fund your account, and each has a different duration to when the funds become available for use.
- Cogni Pay: When another Cogni member sends you money via Cogni Pay, the funds are available immediately.
- Deposit Cash: When depositing cash at a Visa ReadyLink merchant, the funds should be available within 30 minutes (often within a minute or two).
- Bank Transfer: When transferring funds from your external bank account to Cogni (via ACH), the funds are usually available within 3 to 6 business days. Although, there may be instances where we need to extend the hold time longer than that to ensure the initial funds into your account are successfully settled and ready for spending.
- Transfer from external digital wallets: Depending on the third-party service or the transfer method used, the funds could be available immediately or take 1-3 days to become available.