Deposit via ACH Bank Transfer
Send USD from any US bank account. Free deposits, no minimum, confirmed in 1-3 business days.
How to Deposit via ACH Bank Transfer
Depositing via ACH is the simplest way to fund your Peanut account if you have a US bank account. Send dollars directly from your bank — no fees from Peanut, no minimum deposit, and your balance arrives in 1-3 business days. Once your deposit lands, your balance is held in digital dollars, ready to pay at over a million merchants in Argentina via Mercado Pago QR, send Pix in Brazil, or transfer money to anyone in 40+ countries.
Before You Start
Info
Make sure you have the following before initiating your deposit:
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A verified Peanut account. Bank deposits require identity verification — a photo ID (passport or national ID card) plus a selfie. The process takes under 2 minutes for most users. See the verification guide for details.
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A US bank account capable of sending ACH transfers. Virtually all US banks and credit unions support ACH. Most offer free ACH transfers, though some may charge a small fee for external transfers.
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US dollars (USD). ACH only processes dollar-denominated transfers.
How to Deposit via ACH
- 1
Open the Peanut app
Tap "Deposit" from your home screen to reach the deposit options.
- 2
Select bank transfer
Choose the ACH bank transfer option. The app will display the bank details for your deposit: an account number, a routing number, and a unique reference number tied to your account.
- 3
Copy the reference number and bank details
The reference number connects the incoming transfer to your Peanut account. Copy it exactly as shown — do not retype it manually.
- 4
Log into your bank
Open your banking app or online banking portal and start a new external transfer.
- 5
Enter the payment details
Paste the account number and routing number from Peanut. Enter the amount in USD. Paste the reference number into the memo or description field.
- 6
Confirm and send
Double-check the reference number, account number, and routing number before confirming. Initiate the transfer early in the day for faster processing.
Your Peanut balance updates automatically once the transfer is received and matched to your account. No action needed on your end after sending.
Confirmation Times
ACH deposits typically take 1-3 business days to arrive. Here is what to expect:
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Standard ACH: 1-3 business days. Most transfers complete within this window. Transfers initiated early in the day (before noon ET) tend to process faster.
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Same-day ACH. Some banks offer same-day ACH for an additional fee. If your bank supports it, the transfer may arrive the same business day when submitted before the cut-off time (typically 2-3 PM ET).
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Business days only. ACH does not process on weekends or US federal holidays. A transfer initiated on Friday evening will not begin processing until Monday.
If your deposit has not appeared after 3 business days, check that the reference number was included correctly and that the sender name matches your Peanut account. See the deposit troubleshooting guide for next steps.
Fees
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Peanut deposit fee: free. Peanut charges nothing for ACH deposits.
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Your bank's fee: typically $0. Most US banks offer free ACH transfers between accounts, including external transfers. Some banks charge $0-3 for external ACH. Check your bank's fee schedule.
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Same-day ACH fee (if applicable). Some banks charge an additional fee for same-day ACH processing. This varies by bank.
For a complete overview of fees across all deposit and withdrawal methods, visit the pricing page.
Tips for Faster Processing
Getting your deposit right the first time avoids delays. Here are the key things to watch for:
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Copy-paste the reference number. A missing or incorrect reference is the leading cause of delayed deposits. Always copy directly from the app.
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Name on your bank account must match Peanut. The sender name must match your verified Peanut account name. Sending from a joint account or business account with a different name may trigger a manual review or return.
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Initiate early in the day. Transfers submitted before noon ET tend to process faster than those sent late in the afternoon.
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Plan around weekends and holidays. ACH does not process on non-business days. For same-day needs, consider depositing digital dollars directly — deposits on networks like Arbitrum or Solana confirm in seconds.
FAQ
How long does an ACH deposit to Peanut take?+
ACH deposits typically arrive in 1-3 business days. Transfers initiated early in the day may process faster. ACH does not process on weekends or US federal holidays — transfers initiated on Friday evening or over the weekend will not begin processing until Monday. Some banks offer same-day ACH for an additional fee.
Are there fees for depositing via ACH?+
Peanut charges no deposit fee. Most US banks offer free ACH transfers, though some charge $0-3 for external transfers. Same-day ACH (if available from your bank) may have an additional fee. Check with your bank for their specific policy.
What currencies can I send via ACH?+
ACH is a US domestic transfer network and only processes US dollars (USD). Your deposit is converted to digital dollars at a 1:1 rate when it arrives in Peanut.
My ACH deposit has not arrived — what should I do?+
First, verify that you included the correct reference number and that the sender name matches your Peanut account name. Check your bank's transaction status to confirm the transfer was sent. Remember that ACH does not process on weekends or federal holidays. If the transfer shows as completed on your bank's end but has not appeared in Peanut after 3 business days, contact Peanut support with your bank transaction details.
Is there a minimum or maximum deposit amount?+
Peanut has no minimum deposit requirement and no maximum limit. Your bank may impose its own per-transaction or daily ACH limits (commonly $2,000-$25,000 per day for personal accounts). Contact your bank if you need to increase your limit. Deposits above $100,000 may trigger additional verification as part of standard compliance procedures.
Can I get my deposit faster than 1-3 days?+
If your bank offers same-day ACH, the transfer may arrive the same business day. For instant funding, consider depositing digital dollars directly on a network like Arbitrum or Solana — those deposits confirm in seconds with no fees from Peanut.
