Your MOVO account comes with a personal Direct Deposit Account and bank routing number that can be used to for direct deposit of your paycheck, government benefits payment, tax refunds, and other payments.
You may use the attached form to direct deposit your paycheck for your employer.
In addition, your personal Direct Deposit number can be used to receive incoming transfers from most financial institutions and other online payment services like PayPal and Venmo. Typically, incoming bank transfers are processed faster when they are received via Direct Deposit than when processed online by MOVO. In most cases, incoming transfers post within 1-2 business day when received via Direct Deposit.
Your Direct Deposit account information can be found in the MOVO app. Go to Main Menu >> MovoLoad >> Direct Deposit.
Please note, the daily maximum allowed for a direct deposit is $5,000.00. The maximum balance you can have on the card is $10,0000.00