How do I transfer money to my bank account or debit card?
When you're approved for a Lenny line of credit, a portion of your approved balance may be available immediately.
In order to send funds to your bank account you will have to:
- Add a bank account or debit card
- Verify that the bank account or debit card added is yours
- Transfer funds to your bank account or debit card by tapping 'Cash out' in the sidebar menu of the Lenny Credit app.
What is the status of my transaction and how long does it take to clear?
Standard transfers to your bank account will take 2 – 3 business days. You can also transfer money to your debit card instantly for a $3 fee.
Is there a limit to how much I can transfer out of my Lenny Credit line?
If you have not yet confirmed your identity on Lenny, then you may only transfer a certain amount per week. If you would like your transfer a bank limit increased, please add your facebook account or SSN to your Lenny account.
In order to optimize your credit score, recommend keeping your credit utilization ratio below 30% at the end of your billing cycle.