You can deposit cash in the mobile or web app:
| Bank account (ACH) | Debit card | Wire transfer | |
|---|---|---|---|
| Account types | Personal and business | Personal only | Personal and business |
| Available to buy/borrow | Instantly | Instantly | Upon deposit arrival, typically ~1 business day |
| Available to send/withdraw | Upon deposit settlement, typically ~5 business days | Immediately | Immediately upon deposit arrival |
| Fees | No Strike fee | 1.99%, $0.99 min | No Strike fee |
| Limits | $3,000–$100,000 / 7 days | $500–$7,500 / 7 days | Unlimited |
| Ideal for | Everyday deposits | Quick deposits | Large deposits |
How to deposit via bank transfers (ACH)
To link a bank account, open the mobile app, tap “Account” and then “Payment methods.” When adding a method, if you don’t see your bank logo listed as an institution, scroll to the bottom of the list and connect manually. Once linked via Plaid, you can also deposit from the web app.
To verify your bank account, Strike sends a pending $0.01 charge with a 3-digit verification code in the transaction description. It usually appears within seconds or minutes, though your bank may take longer, and it clears automatically. Find the code in your bank’s transaction history, then return to Strike and tap “Account” and “Payment methods” to enter it.
Deposits from a linked bank account are limited. To view your limits, visit the “Account” screen and “Limits”. To request a limit increase, contact support.
How to schedule recurring deposits
On the “Cash” tab:
- Tap “Add money”
- Choose “Bank account”
- Tap the icon in the top right
- Select a weekly, biweekly, or monthly frequency
- Set a start date and time
- Enter the cash amount
- Select your preferred bank account if you have more than one
You can set up multiple recurring deposits and view, pause, unpause, or cancel them in the “Upcoming” section of the “Cash” tab. If a recurring deposit fails, Strike notifies you and pauses the schedule.
How to initiate a deposit from a third-party app
Just as you link a bank account into Strike, you can connect your Strike account inside a third-party app that supports Plaid. When selecting your institution, search for “Strike”. Cash deposits initiated via external apps arrive as direct deposits.
How to receive direct deposits
Your employer can send your paycheck straight to Strike through their payroll provider. To get started, set up direct deposit using the routing and account numbers shown in the app.
How to deposit via debit cards
You can deposit via Apple Pay or Google Pay without linking a card to your account, or you can link multiple debit cards, just like you link bank accounts. To verify a linked card, we’ll also initiate a small, temporary transaction containing a 4-digit code in the description. The transaction will be removed shortly after you enter the verification code in the Strike app. In some cases, we may also ask you to verify your card with a selfie and a photo of the card, with the number covered so only the last 4 digits show. If you don’t complete verification within 7 days, the transaction is removed and the card is unlinked.
Only physical debit cards are supported. You can’t deposit with credit, virtual, prepaid, or Discover cards.
How to deposit via wire transfers
On the “Cash” tab, tap “Add money” and “Wire transfer” to get the routing and account numbers needed to initiate the wire from your own bank.