
COMPACOM TEAM
August 08, 2023
Instant funding to a debit card refers to the immediate or near-immediate transfer of funds directly to a recipient's debit card account. This service allows for a quicker access to money compared to traditional bank transfers, which may take several business days. Instant funding can be used in various contexts, such as direct deposit of paychecks, refunds, loan disbursements, or peer-to-peer payments. Depending on the bank and transaction type, there may be fees associated with instant funding, and not all debit cards may be eligible for this service.