If you need to make a payment from your group account to your program account or vice versa, you can do so by transferring funds internally. Internal transfers are instant transactions and settle completely within 1 business day.
Transfer Funds from the Program Account to Group Accounts
1. Navigate to the Program banking page.
2. Click Transfer.
3. Select the group you'd like to transfer to from the drop-down menu.
4. Fill in any appropriate details about the transfer and complete!
Transfer Funds from Group Account to Program Account
1. Navigate to the Group banking page on the group you are transferring funds from.
2. Click Transfer.
3. Select the group you'd like to transfer to. In this case, the Program Account. (This will be the one with no team name!)
4. Fill in any appropriate details about the transfer and complete!
Still have questions or need help? Please reach out to us directly at spend.support@onsnap.com or by phone at 276-531-9260. (ext 6)
Snap! Spend is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. The Snap! Spend Visa Debit is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa cards are accepted.
Your deposits qualify for up to a maximum of $2,500,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity.
You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions on the sweep program.