What payment methods does Whale accept?
Whale only accepts the payment methods listed below. Specific instructions are provided to the renter after they select a method when logged into Whale.
ACH Bank Transfer (via Plaid)
Cost: Free Speed: 2-4 Business Days
Whale allows renters to link their bank account using Plaid so they can transfer funds directly from their existing bank to Whale.
When possible, before initiating the transfer, Whale will check the renter's account balance to ensure they have sufficient funds to cover their deposit. However, the renter must keep enough funds available in their account until the transfer completes to avoid the transfer being returned and incurring a $25 fee.
Zelle
Cost: Free Speed: Minutes
Renters can use Zelle to send a deposit payment to Whale. Renters can check if their bank supports Zelle transfers here.
MoneyGram
Cost: Varies Speed: Minutes
MoneyGram is a great option for renters who want to pay their deposit with cash. Renters can send a MoneyGram to Whale by visiting a MoneyGram location or using their website.
Although Whale does not charge a fee to receive a MoneyGram payment, the renter is responsible for any fee charged by MoneyGram to send the funds.
Wire Transfer
Cost: Varies Speed: 1-5 business days
Whale accepts both domestic and international wire transfers.
Although Whale does not charge a fee to receive wire transfers, it’s possible the renter’s bank charges a fee to send the funds or a currency exchange fee if they are not sending USD.