Updating your external bank account typically takes up to 1–5 business days.
While the initial linking step through Plaid or manual entry takes only a few minutes, Raisin reviews the new connection on the backend to ensure your security before enabling transfers.
Tips to ensure the fastest processing time:
- Use Plaid Instant Verification: Logging into your bank directly through Plaid is the fastest method to verify your account.
- Verify account ownership: Ensure the new external bank account is a personal checking or savings account held in your name.
- Have account details ready: Keep your online banking credentials or correct ACH routing and account numbers on hand before starting.
- Avoid duplicate submissions: Re-submitting or changing your request while a link is pending will restart the review process.
You will receive an email confirmation as soon as your new bank connection is active and ready for transfers.