There are several banks that Grubhub accepts, so delivery drivers can easily access their money. Direct deposit banks are the most commonly used by Grubhub drivers to deposit their money and get it immediately.
Without Grubhub drivers, the company would not be so successful. That is why the delivery company thinks of them and their collection methods, so there are more and more ways to earn money for food delivery. A clear example is the Instant Cash Out feature in Grubhub for Drivers.
What is Instant Cash Out for Grubhub Drivers?
Instant Cash Out is the instant withdrawal of money deposited directly into the driver’s bank account. In other words, this direct deposit option in the driver’s bank is done instantly. Grubhub implemented this option so workers can access their money when it is deposited. Por otra parte, puedes
Grubhub drivers should check with their primary banks to see if they accept real-time payments (RTP). However, banks that do not take the Instant Cash Out option are eligible to collect money from Grubhub for Drivers. However, drivers will have to wait up to days for the transaction to be completed.
What banks does Grubhub accept for instant cash out?
The most important banks in America offer different options for their customers to receive instant direct deposits or, depending on the bank, in less than 48 hours. The most popular banks used by Grubhub drivers to get instant deposits charge $0.50 each time the Instant Cash Out feature is used.
Chase is one of the most chosen banks by Americans and probably, by Grubhub drivers. This bank offers benefits that no other bank can provide to Grubhub employees. These are direct deposit and cash withdrawal, which can be done at one of its more than 16,000 ATMs nationwide.
The best bank to cash out instant cash is by using a checking account at Chase. Unlike other banks, which charge a $0.50 fee, Chase does not charge anything for transactions with the Grubhub for driver mobile app.
With Chase, you can have your debit card and receive the money you collect as delivery directly into your bank account. You will be able to use your debit card to shop at any physical store or online (as long as the store accepts Chase). On the other hand, Chase allows you to separate your deposits from your bank account.
BB&T (Branch Banking and Trust), or Truist Bank, is a bank that can be directly associated with your Grubhub account so that you can access your money. However, they will retain a $0.50 fee. In addition, you can connect your BB&T account with Zelle and withdraw your money from this digital network.
With Chime, you will be able to get the direct deposits you have in your Grubhub for Drivers to your account instantly. You should have no problems if you receive it from a Chime account. If the payment is made from an external account, it could take up to 3 business days to debit, while cash deposits take about 2 hours. If it is made from the Chime mobile app, it could take up to 5 business days from the day the transaction was made.
Capital One is one of the banks with the most registered customers. No wonder it offers many benefits, especially for Grubhub drivers, who can deposit their money earned as a delivery driver directly into their Capital One bank account.
In addition, this bank has one of the lowest interest rates in the country, making it much easier to set up a savings account and save money without losing value. You can also access a discount store where you can find everything from clothing to the best appliances. Although it charges $0.50 for each transaction made with Grubhub for Drivers, it is worth joining this bank.
This bank is ideal for Spanish speakers, as they have an excellent customer service team available to answer all your questions in this language. You can control all your movements from their mobile app and receive instant payments from Grubhub. In addition, you can withdraw your money at any of their more than 60,000 ATMs.
Other banks that Grubhub accepts for instant cash out
- Bank of America.
- Citizens Bank.
- Fidelity Bank.
- Pen Fed Credit Union.
- SunTrust Bank.
- TD Bank.
- US Bank.
- Wells Fargo.
However, this list is not exhaustive, and Grubhub may also accept payments from other banks. It’s best to check with Grubhub’s driver support team for a complete list of accepted banks.
How does Grubhub for Drivers’ instant payment work?
Grubhub for drivers has the option of instant payment so that delivery drivers can get their money instantly as soon as it is deposited into their accounts. For this, it is necessary to have a bank account, and several banks work with Grubhub, allowing employees to have their money in real time.
Go to the “Earnings” section of the Grubhub for Drivers application and transfer your money to your trusted bank.
How much does Grubhub charge for instant payment?
Grubhub keeps 50 cents for each instant payment made, except for Chase, which does not charge a transaction fee. You can see it in your Grubhub for Drivers account when you set the total amount of an order in the “Processing fee” section.
How to set up direct deposits in Grubhub for Drivers?
To configure your app after requesting Grubhub’s delivery services and receive direct deposits, you will need to:
- Download Grubhub for Drivers.
- Go to the menu.
- Select your account.
- Go to the personal information part and click the bank details section.
- Re-enter your password.
- Update all the information for the payment method.
- Confirm the operation and save the changes.
Why doesn’t Grubhub accept my bank account?
If Grubhub sends you an error when matching your debit card and bank account, you have probably entered some digits wrong. If this is not the reason, it is probably because your bank is incompatible with Grubhub’s deposit methods. Therefore, you are not in their database. The solution is to find another bank or a prepaid card to deposit your winnings.
- Helling, B. (2022) When does GrubHub pay drivers? 2 methods to cash out, Ridester.com. Available at: https://www.ridester.com/when-does-grubhub-pay/
- Why am I not able to cash out using the instant cash-out option? (no date). Available at: https://driver-support.grubhub.com/hc/en-us/articles/360035933631-Why-am-I-not-able-to-cash-out-using-the-Instant-Cash-Out-option-