How to Deposit Funds via Bank TransferYou can deposit funds into your Peak Money account through a bank transfer using your Virtual Bank Account details. This method allows you to transfer money directly from your existing bank account to Peak Money. You can also use your Peak Money Virtual Bank Account details to receive funds from close family members, employers, or payroll providers.Bank deposit feesPeak Money charges a convenience fee for bank deposits. The bank deposit fee structure is: $2.00 flat fee plus 0.20% of the deposit amount Important: Automatic conversion to cryptocurrencyAnytime you deposit funds to your Peak Money Virtual Bank Account, your funds will be automatically converted to cryptocurrency and sent to your Wallet. This conversion happens each time you make a deposit.Steps to deposit funds via bank transfer: Under Portfolio Balance, click Deposit Select Bank Deposit Complete Identity Verification if prompted (required before proceeding). Learn more about Identity Verification in our [help article]. After successfully completing Identity Verification, you will be able to select the Bank Deposit option which will display your Virtual Bank Account information for Peak Money, including your account number and routing number. Use your Virtual Bank Account number and routing information to initiate a transfer from your existing bank account. The process for initiating transfers varies by bank, so contact your bank directly if you need guidance on their specific transfer process. First-time bank verification (one-time requirement):Before you can send funds for the first time, most banks require a one-time verification to confirm you own the Peak Money Virtual Bank Account you're transferring to. The exact verification process varies by bank, and we cannot provide specific steps for your bank's process.Bank verification typically involves: Your bank making a small test deposit and/or withdrawal to your Peak Money Virtual Bank Account (usually under $1) You confirming the transaction amount(s) with your bank to complete the verification Your bank then allowing you to send regular transfers once verification is complete Contact your bank directly for their specific verification requirements and instructions, as each bank handles this process differently.Bank deposit processing time:The time required for your bank transfer to arrive in your Peak Money account varies based on your bank provider. You will receive a transaction receipt via email from Noah (no-reply@noah.com) that includes your transfer amount and transaction date. This email is sent when your bank initiates the transfer. Your funds typically arrive in your Wallet within 3 days after your bank completes the transfer processing.