What is DasherDirect and Why Should You Care?
Have you heard of DasherDirect? As a delivery driver for DoorDash, it’s one of the best perks out there. DasherDirect is a free prepaid debit card offered by DoorDash that allows you to get paid instantly after every delivery. No more waiting around for direct deposits or fast pay transfers. When you finish a dash, your hard-earned money is immediately available to spend or transfer.
Now you may be wondering — why should I care about DasherDirect as just another prepaid card?
Well my debit card-wielding friend, DasherDirect has some pretty sweet features:
- Instant payouts after every delivery. No fees, no waiting. Cha-ching!
- 10% cash back on gas at any gas station. Given sky-high prices, those savings add up.
- Mobile app and virtual card for easy online payments
- No minimum account balance or maintenance fees
- Free ATM withdrawals at 30,000+ MoneyPass ATMs
Not too shabby! But what if you still want to transfer funds from DasherDirect to your regular bank account? Maybe you have bills to pay or want to start saving/investing your delivery dollars. No worries, transferring money in and out is easy.
This step-by-step guide will show you how to seamlessly move money from your DasherDirect account to connected bank accounts. Let’s do this!
Step 1: Log Into Your DasherDirect Account
First things first, you need to log into your DasherDirect account using the DasherDirect app.
Forgot your login info?
No worries! Tap “Forgot Password” and reset your account password via email. If you haven’t activated your account yet, you may need to contact DasherDirect support to sort out any issues first.
Alright, now you should be logged into your account properly. Let’s move some moolah!
Step 2: Navigate to the Money Transfer Screen
The DasherDirect app makes transferring money incredibly straightforward with just a few taps.
From your account homepage, click on “Move Money” in the bottom right. Next, select “Send Money to Someone”. This will open up the money transfer screen where you can connect external accounts.
Pro Tip: Verify your identity first for faster transfers. You can do this under “Account Settings”.
Step 3: Enter Your Bank Account Details
Now comes the fun part — linking your bank account where you want funds transferred.
Under “Send Money to Someone”, click “Add Recipient”. This will prompt you to enter details about the destination bank account:
- Routing Number – The 9-digit number that identifies your bank (find this on a check or bank website)
- Account Number – The longer number specific to your personal bank account
- Account Type – e.g. Checking, Savings
Make absolutely sure these details are correct. One digit off on the routing or account number means transfers may fail or go to the wrong account. Check and double check!
Step 4: Specify the Transfer Amount
Next, enter the amount in USD you wish to transfer from your DasherDirect account balance to your linked bank account.
Transfers can range from $1 to $2,000 per day. If you need to transfer more than the $2,000 daily limit, you’ll have to wait and initiate another transfer the next calendar day.
Step 5: Review and Confirm Transfer Details
Carefully look over all the information you entered for the transfer:
- Destination bank details
- Transfer amount
- Estimated delivery time (1-2 business days)
If everything looks accurate, confirm the transfer. Kapow! Your funds are now on their merry way via electronic transfer.
You’ll get confirmation the transfer is processing, along with transfer details you can reference later. Easy as pie, lemon squeezy.
Step 6: Check Your Bank Account for Funds
Last step – monitor your connected bank account over the next couple days. Transfers typically show up within 1-2 business days, so you should see the money in there soon!
Here’s a general timeline of what to expect:
- Day 1: Initiate transfer before 7 PM ET
- Day 2 or 3: Funds deposited into bank account
Transfers on holidays/weekends will be processed the next business day.
Some banks like Chime or CashApp that use early direct deposit may credit funds same-day or overnight! But don’t worry if it takes the full 1-2 days. Standard transfers from DasherDirect won’t leave you hanging for long.
Pro Tip: Add your bank account details as a recipient in DasherDirect for even faster future transfers.
And voila! By following those steps, you can seamlessly shift funds from your DasherDirect account to bank accounts for saving, investing, or paying bills online. #AdultingWin
DasherDirect Transfer Limits and Timelines
While the transfer process itself is crazy simple, it’s good to know DasherDirect’s policies and processing timelines. Here’s the nitty gritty:
- Up to $2,000 can be transferred per calendar day, counting across all bank accounts
- Up to $5,000 per month in total transfers
- Transfers typically take 1-2 business days to appear in bank accounts
- You can only transfer funds to U.S. bank accounts
Planning a large purchase or transfer? You may need to break it up over a couple days. Just plan accordingly with those limits in mind.
How Do DasherDirect Transfer Fees Work?
The best things in life are free. And conveniently, DasherDirect money transfers won’t cost you a dime in fees. Huzzah!
It’s completely free to transfer funds from your DasherDirect account to connected U.S. bank accounts. DoorDash has your back.
So transfer to your heart’s content! Just keep it under $2K daily and $5K monthly as per DasherDirect’s standard limits.
Can You Cancel a Transfer?
Ever have buyer’s remorse over a transfer? Maybe you want those delivery dollars back in your DasherDirect account stat.
You can cancel transfers, but only before the same-day cutoff point. This cutoff time varies by bank but is usually around 5-7 PM local time.
To cancel, tap the transfer in “Move Money” and select “Cancel Transfer”. If that button is not there, unfortunately it’s too late to reverse the transfer.
Fun Fact: 75% of Dashers use their DasherDirect account weekly or more, making it one of the most used financial accounts.
So DasherDirect is clearly popular for managing delivery earnings and instant payouts after dashes. But what else can linking your bank account enable?
Additional Perks of Linking Your Bank Account
Beyond basic transfers for paying bills and meeting limits, connecting your bank account unlocks additional money management capabilities:
Investing and Saving
Now you can save and invest DasherDirect earnings for retirement or other goals right from your bank account. Set up automatic contributions to investment accounts. The key is consciously setting money aside by transferring it out of your fast-access DasherDirect account initially.
Park excess cash in a high-yield savings account to earn interest over time through compounding. Compared to $0 interest on your DasherDirect balance, earning 2% or more in savings can add up!
Seeing all accounts in one place makes it easier to budget and manage your full financial picture. Link accounts to apps like Mint for personalized insights.
Pay rent, utilities, car payments and other recurring expenses directly from your bank account. Link to billers for convenience.
So while the convenience of DasherDirect payouts can’t be beat, by linking your traditional bank account you open up advanced financial management opportunities.
Can the Same Method be Used to Transfer Money from Dasher Direct and Uber Cash to a Bank Account?
FAQs: Your Top DasherDirect Transfer Questions Answered
Here are answers to some frequently asked questions about moving money from DasherDirect:
How long do standard bank transfers take?
1-2 business days is standard. Direct deposits can be a bit faster.
What’s the daily transfer limit from my account?
$2,000 per day, with a $5,000 monthly cap
Do transfers on weekends or holidays take longer?
Yes, transfers can only process on business days. So if you transfer Friday night for example, it likely won’t hit your bank until Tuesday.
Can I transfer funds to multiple bank accounts?
You sure can! No limit on number of recipient bank accounts.
What if I input the wrong bank account number?
Contact DasherDirect Support ASAP to try cancelling the transfer before it completes. Provide the correct details.
Are there fees if I go over transfer limits?
Nope! You’ll just have transfer the excess amount the next calendar day within standard limits.
Still have questions?
Contact DasherDirect Support via email, in-app chat or phone.
And there you have it amigo! You are now a pro at transferring money from your DasherDirect account to bank accounts with ease.
In Summary: Transferring Money from DasherDirect
DasherDirect is the ultimate delivery driver perk, providing instant access to Dasher earnings after each dash.
But you may still want to transfer funds to traditional bank accounts occasionally for saving, investing, paying bills, and managing your money.
Thankfully, DasherDirect has made the process incredibly simple via the mobile app:
- Log into your DasherDirect account
- Navigate to “Move Money” then “Send Money to Someone”
- Enter your recipient bank account details
- Specify the transfer amount under $2K
- Review and confirm details
- Monitor your bank account for the deposit in 1-2 biz days
Then you can manage that dough however you please from your bank! Just be aware of DasherDirect’s $2K daily/$5K monthly transfer limits, and the 1-2 business day processing time.
With the power to seamlessly move money between accounts, you optimize speed, convenience AND control. Now get out there, deliver those orders, and put your earnings to work!