What is Lighting Speed?
Lightning Speed (“LS“) is an optional service that allows you to expedite the transfer of funds for a fee. Depending on the product, the fee may be charged by EarnIn or its banking partners. Refer to the LS Fee table for details.
Why do I need to provide a debit card to use Lightning Speed?
To receive expedited transfers, we suggest you provide the debit card associated with your linked bank account. This also helps facilitate repayment to EarnIn for the amounts you accessed, along with any optional tips and Lightning Speed fees.
To add your debit card, open the app settings, tap Linked Bank Account. Next to “Debit card”, tap Add.
Make sure the debit card is not a prepaid card or paycard, and is linked to the same checking account linked to the EarnIn app.
It can take up to one business day to verify your card. Depending on your bank. EarnIn may send small test transactions to confirm a working connection with your bank.
Why can’t I use Lighting Speed?
Lightning Speed is not available in all states. Lightning Speed transfers may take up to thirty minutes, actual transfer speeds will depend on your bank connection.
Remember to update your card in the app if it’s expired, lost or stolen.
Still not working? Troubleshoot with this article: Why is my Lightning Speed transfer delayed?
How do I pay the Lightning Speed fee?
Once your paycheck is deposited into your linked bank account, we’ll automatically debit the amount you accessed, along with the Lightning Speed fee and any voluntary tips. It’s all handled automatically, so there’s nothing extra you need to do.
If you have signed up for Early Pay and selected Lightning Speed transfers (to receive your paycheck up to 2 days early), the Lightning Speed fee will be charged by our banking partner at the time of transferring your paycheck to your linked bank account.
Check your upcoming debits on the Activity tab in the app.
What is the difference between Standard Speed and Lightning Speed?
The difference between standard speed and Lightning Speed transfers is how fast your money arrives. Standard speed transfers are sent by ACH and arrive within 1 to 2 business days from the time of the transfer. ACH is a banking term that stands for Automated Clearing House. Lightning Speed transfers arrive within 30 minutes from the time of the transfer.