Updating your external bank account will not cancel or disrupt your transfers.
How transfers are processed:
- Transactions already underway: Any pending deposit or withdrawal that was initiated prior to your account change request will continue to process through your current (existing) external bank account.
- Future transactions: Any new or upcoming transfers scheduled for after your update is approved will automatically pull from or deposit into your new external bank account once verified.
You do not need to manually cancel or re-submit pending transfers when changing your external bank account.
Important Tips:
- Sufficient Funds: Ensure your new external account has sufficient funds available to cover any upcoming recurring deposits.
- Pending Transfers: Any pending transfers out to your bank will be sent to the account that was active at the time the withdrawal request was finalized.