How long do deposits and withdrawals take?

Transferring funds from your personal account to your Depoway Wallet using our payment initiation service provider typically takes only a few minutes but in extreme situations can take up to five working days. During this time, your funds will not be accessible. You can see such a deposit marked as pending in the Depoway app.

Money transfers from your Depoway Wallet to your personal account are typically made within one working day. This means that if you place your withdrawal request on a Friday then you should expect to have your money in your personal account on the following Monday.

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The Depoway app is a free mobile app through which customers can win cash prizes by saving or spending at places they love.

The Depoway app is offered by Depoway Ltd. Depoway Ltd is a private company limited by shares incorporated in England and Wales with the company number 12820673. The registered office is at Office 300b, 182-184 High Street North, E6 2JA London, UK.

Depoway has been appointed as a distributor of electronic money on behalf of Modulr FS Limited. Modulr FS Limited is authorised by the Financial Conduct Authority as an Electronic Money Institution (FRN: 900573). Depoway is on the Financial Services Register with reference no. 902977. The Depoway app is not a bank savings account and doesn't pay interest. Depoway is registered with the Information Commissioners Office, with registration number: ZB008359.

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