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Faster deposits and withdrawals are the most requested features so we have spent a lot of time figuring out how to speed them up and we have good news – we’re making all Brazil and Nigeria deposits instant starting now! Here’s what changes.

For Brazil Bank Transfers: 

Same day depositing only works with funds you send directly to us by TED or PIX, Monday through Friday (excluding holidays) between 9:00am to 2:15pm BRT. Withdrawals will also be instant when requested during the same time window. The new transfer fees are:

  • 1.45% for TED/PIX deposits.
  • 1.45% + R$2 for TED withdrawals.
  • You can learn more about the fees at passfolio.com/fees.

For Nigeria Bank Transfers:

Same day depositing only works with funds you send directly to us by Nigerian Bank Transfer, Mondays through Fridays (excluding holidays) between 11:10am and 6:30pm WAT. Withdrawals will also be instant when requested during the same time window. The new transfer fees are:

  • Deposits: 1.4% (max ₦2,000) + 0.5%
  • Withdrawals: 0.5% + ₦55
  • You can learn more about the fees at passfolio.com/fees.

Please keep in mind that there can still be bank delays which are out of our control but we will credit the funds as soon as we receive them. We are also working on making SWIFT deposits faster and making the stock wallet and internal transfers between the wallets operate 24×7. Other methods of deposits such as ACH or Wire can be delayed a very long time and are not recommended. Please continue to submit feature requests on our Roadmap http://roadmap.passfolio.com.

Cheers,

The Passfolio Team

#InvestInTheUS