Transfer money easily on the Raisin platform
Understand how transfers work, what timelines to expect and how the Cash Account makes it easy to move your money easily between products.
How transfers work
Raisin gives you one place to easily manage all your savings, so you can deposit, withdraw, and take your next step without managing multiple bank logins.
Depending on the transfer, funds may come from your linked external bank account or your Cash Account. Your Cash Account serves as a central transaction hub for available funds, helping you move between savings products or transfer funds out when you’re ready.
That means less waiting between steps and more opportunity to keep your money earning interest.
How the Cash Account works
When you withdraw from a high-yield savings account, funds are instantly available in your Cash Account, so you can immediately deposit into another savings product or transfer funds to your linked external account.
Transfer timelines
Transfer type | Availability | Cut-off time |
High-yield savings account → Cash Account | Instant availability¹ | No cut-off time, transfer 24/7 |
External bank account → Saving product | 1-2 business days | 3:30 PM ET, business days only |
Cash Account → Linked external account | 1-2 business days | 3:30 PM ET, business days only |
1. Transaction cut-off times
Daily cut-off for most transactions is 3:30 p.m. ET.
2. Processing days
Transactions process on business days only (no weekends or holidays).
3. Cash Account transfers
Funds must pass through your Cash Account to move from or between products.
Frequently Asked Questions
Are there any transfer fees or limits?
All transfers on the Raisin platform are free, and there’s no limit to how many transfers you can initiate.
Please note that canceling or withdrawing early from a CD may result in an early withdrawal penalty. Review the product terms for details.
What determines how long a transfer will take?
Most transfers are processed in 1–2 business days. Timing depends on the type of transfer, where the funds are moving, and when the transfer is submitted.
Daily cut-off time: Non-instant transfers submitted before 3:30 p.m. ET on a business day begin processing that day. Transfers submitted after 3:30 p.m. ET begin processing the next business day.
Business days: Monday through Friday, excluding federal banking holidays.
Instant availability: Funds transferred from high-yield savings accounts and money market accounts are available in your Cash Account instantly. All other transfers follow standard processing timelines.
How do transfer timelines apply to CD?
CDs are held for a set term, so funds are not available to move until the CD matures. On the maturity date, your funds will be available in your Cash Account, where you can deposit into another savings product or transfer out. If you close a CD early, funds are typically available within 1–3 business days and may be subject to an early withdrawal penalty.
Can I cancel a transfer once I’ve initiated it?
Once a transfer is submitted, it can not be canceled. When you initiate a transfer, you’ll be prompted to review the details before confirming, so be sure the amount, account, and destination are correct.
Where can I see a record of these transfers?
A record of every transfer appears in the “Transactions” section of your Cash Account and savings product account details.
Does the Cash Account earn interest?
Funds in the Cash Account do not earn interest. The Cash Account is designed to temporarily hold available cash while you decide whether to deposit funds into another savings product or transfer them out.
To keep your savings earning interest, deposit available funds into another savings product.
© 2026 Raisin SE. All rights reserved.
The Raisin name and logo are trademarks of Raisin SE. All other trademarks, logos, marks, and brand names are the property of their respective owners.
*APY means Annual Percentage Yield. APY is accurate as of June 25, 2026. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00.
Raisin is not an FDIC-insured bank, and FDIC deposit insurance only covers the failure of an insured bank.
Raisin is not an NCUA-insured credit union. NCUA deposit insurance only covers the failure of an insured credit union.
Raisin does not hold any customer funds. Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodial Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodial Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered by the applicable bank or credit union through Raisin.com. Each customer also authorizes the Service Bank to move funds among the various banks and credit unions at the customer’s request. First International Bank & Trust (FIBT), Member FDIC, is the Service Bank. Bell Bank and Starion Bank, each Member FDIC, are the Custodial Banks.
†Based on $250,000 in FDIC or NCUA insurance coverage per insurable category of ownership at each partner bank or credit union on the Raisin platform (each a "Product Bank"), when aggregated with all other deposits held by you at such Product Bank and in the same insurable category. Deposits made through Raisin will be eligible to receive deposit insurance from the FDIC or the NCUA (each a "Deposit Insurer") in accordance with and up to the maximum amount permitted by law at each Product Bank. Raisin is not a bank or credit union and does not hold any customer funds. Funds are held at FDIC-insured banks and NCUA-insured credit unions. Deposit insurance covers the failure of an insured bank or credit union. Certain conditions must be satisfied for pass through deposit insurance coverage to apply. Customers may choose to deposit funds with identically registered accounts at different Product Banks on the Raisin platform to be eligible for Deposit Insurer coverage up to $10 million for individual accounts and $20 million for joint accounts when at least 40 Product Banks are utilized. Please be aware, however, that any deposits you have at a Product Bank, whether through the Raisin platform or outside the Raisin platform, that you may hold in the same capacity (such as in an individual capacity or joint capacity) count toward the applicable Deposit Insurer's deposit insurance maximum amount, and any such amounts that you hold in the same capacity at a Product Bank that exceed the maximum insurance coverage by the applicable Deposit Insurer will not be insured. For more information on FDIC deposit insurance, please see here. For more information on the NCUA share insurance fund, please see here. You are solely responsible for monitoring the amount of funds you have on deposit at each a Product Bank, whether through the Raisin platform or outside the Raisin platform, to confirm that the deposits you hold in the same capacity at each Product Bank do not exceed the maximum deposit insurance coverage provided by the applicable Deposit Insurer.