To transfer money with Moov, you’ll need to link a bank account to your Moov account, then verify that account. You can link a bank account to a Moov account by adding the bank account number and routing number to the account object. We require micro-deposit verification to reduce the risk of fraud or unauthorized activity. You can verify a bank account by initiating micro-deposits, sending two small credit transfers to the bank account you want to confirm. Alternatively, you can link and verify a bank account in one step through an instant account verification token from a third party provider like Plaid or MX.
Timing: If you request micro-deposits before 4PM ET, they will appear that same day. If you request micro-deposits any time after 4PM ET, they will appear the next banking day.
Micro-deposits help confirm bank account ownership, helping reduce fraud and the risk of unauthorized activity. Use this method to initiate the micro-deposit verification, sending two small credit transfers to the bank account you want to confirm.